Amerant Bancorp (NASDAQ:AMTB) Price Target Cut to $36.00 by Analysts at Raymond James

Amerant Bancorp (NASDAQ:AMTBGet Rating) had its price objective decreased by stock analysts at Raymond James from $38.00 to $36.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 21.62% from the company’s current price.

Several other analysts also recently weighed in on AMTB. Zacks Investment Research downgraded shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Truist Financial lifted their price objective on Amerant Bancorp from $30.00 to $35.00 in a report on Monday, January 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $30.00.

Amerant Bancorp stock opened at $29.60 on Friday. The stock has a 50 day moving average of $31.19 and a two-hundred day moving average of $31.16. Amerant Bancorp has a twelve month low of $17.56 and a twelve month high of $36.72. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.80 and a beta of 1.08. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 1.12.

Amerant Bancorp (NASDAQ:AMTBGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Amerant Bancorp had a return on equity of 8.78% and a net margin of 30.65%. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Equities analysts predict that Amerant Bancorp will post 2.1 earnings per share for the current year.

In other Amerant Bancorp news, Director A. Gustavo J. Vollmer sold 9,206 shares of the firm’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $34.26, for a total transaction of $315,397.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A. Gustavo J. Vollmer sold 13,404 shares of the company’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $34.50, for a total transaction of $462,438.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,175 shares of company stock worth $1,224,598 in the last three months. Corporate insiders own 17.15% of the company’s stock.

Several institutional investors have recently modified their holdings of AMTB. Addison Advisors LLC acquired a new stake in Amerant Bancorp during the 4th quarter valued at $38,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Amerant Bancorp in the fourth quarter valued at $49,000. Citigroup Inc. boosted its stake in shares of Amerant Bancorp by 93.1% during the third quarter. Citigroup Inc. now owns 2,699 shares of the company’s stock valued at $67,000 after acquiring an additional 1,301 shares during the last quarter. Denali Advisors LLC purchased a new stake in Amerant Bancorp during the 4th quarter worth about $86,000. Finally, Marshall Wace LLP acquired a new position in Amerant Bancorp in the 1st quarter valued at about $87,000. Hedge funds and other institutional investors own 31.40% of the company’s stock.

About Amerant Bancorp (Get Rating)

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. The company offers checking, savings, and money market accounts; and certificates of deposits. It also provides variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals primarily secured by personal residence; working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements.

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Analyst Recommendations for Amerant Bancorp (NASDAQ:AMTB)

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