Amerant Bancorp (NYSE:AMTB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Amerant Bancorp (NYSE:AMTB) from a hold rating to a buy rating in a research note released on Friday morning.

Several other analysts also recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Raymond James Financial upgraded shares of Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Amerant Bancorp currently has an average rating of “Moderate Buy”.

Amerant Bancorp Stock Down 4.4%

AMTB stock opened at $21.23 on Friday. The company’s 50 day moving average is $19.78. The company has a market cap of $876.16 million, a price-to-earnings ratio of 16.98 and a beta of 1.03. Amerant Bancorp has a twelve month low of $15.62 and a twelve month high of $24.30. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98.

Amerant Bancorp (NYSE:AMTB) last released its earnings results on Thursday, January 22nd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.The business had revenue of $112.17 million for the quarter.

About Amerant Bancorp

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.