Amerant Bancorp (NYSE:AMTB) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Amerant Bancorp (NYSE:AMTB) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on AMTB. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. Wall Street Zen raised shares of Amerant Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, 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 equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Amerant Bancorp presently has a consensus rating of “Hold”.

Amerant Bancorp Stock Performance

Shares of AMTB opened at $21.69 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.98. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $24.30. The business’s 50-day simple moving average is $20.09. The firm has a market capitalization of $895.15 million, a P/E ratio of 17.35 and a beta of 1.03.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $112.17 million for the quarter.

Amerant Bancorp Company Profile

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.