Amerant Bancorp (NASDAQ:AMTB) Stock Rating Upgraded by Stephens

Amerant Bancorp (NASDAQ:AMTB) was upgraded by equities research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a $25.00 price objective on the stock, up from their prior price objective of $24.00. Stephens’ target price would indicate a potential upside of 17.32% from the stock’s current price.

A number of other analysts have also recently weighed in on AMTB. Keefe, Bruyette & Woods decreased their target price on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. Piper Sandler upgraded shares of Amerant Bancorp from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $26.00 to $26.50 in a report on Monday. Finally, Janney Montgomery Scott lowered shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Amerant Bancorp currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Amerant Bancorp Trading Up 3.9 %

AMTB stock traded up $0.80 during trading on Monday, hitting $21.31. The company had a trading volume of 218,779 shares, compared to its average volume of 118,136. The firm has a 50-day moving average price of $21.40 and a 200-day moving average price of $22.04. The stock has a market cap of $718.49 million, a price-to-earnings ratio of 31.46 and a beta of 1.00. Amerant Bancorp has a 12 month low of $16.63 and a 12 month high of $27.00. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 1.25.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). The business had revenue of $98.78 million for the quarter, compared to analyst estimates of $93.19 million. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. During the same quarter in the prior year, the company earned $0.24 earnings per share. As a group, analysts predict that Amerant Bancorp will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On Amerant Bancorp

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Amerant Bancorp by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after acquiring an additional 1,197 shares during the period. SG Americas Securities LLC bought a new stake in shares of Amerant Bancorp in the second quarter worth approximately $199,000. Renaissance Technologies LLC bought a new stake in shares of Amerant Bancorp in the second quarter worth approximately $250,000. The Manufacturers Life Insurance Company grew its position in Amerant Bancorp by 23.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock valued at $272,000 after buying an additional 2,316 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Amerant Bancorp during the second quarter valued at approximately $281,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

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. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.