Amerant Bancorp (NYSE:AMTB) Stock Rating Upgraded by Raymond James Financial

Amerant Bancorp (NYSE:AMTB) was upgraded by research analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on AMTB. Wall Street Zen raised Amerant Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Amerant Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Amerant Bancorp Trading Up 1.7%

Shares of NYSE AMTB opened at $17.01 on Wednesday. The firm’s 50 day simple moving average is $19.68. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $710.17 million, a price-to-earnings ratio of 10.77 and a beta of 1.30. Amerant Bancorp has a 12-month low of $15.62 and a 12-month high of $26.24.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). Amerant Bancorp had a net margin of 9.74% and a return on equity of 7.90%. The business had revenue of $111.44 million for the quarter, compared to the consensus estimate of $110.48 million.

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. 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.