Amerant Bancorp (NYSE:AMTB) Lowered to Hold Rating by Wall Street Zen

Amerant Bancorp (NYSE:AMTB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other research analysts have also issued reports on the stock. Zacks Research lowered shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $21.58 on Friday. 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 52 week low of $15.62 and a 52 week high of $23.55. The company’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $20.00. The stock has a market cap of $890.61 million, a P/E ratio of 17.26 and a beta of 1.02.

Amerant Bancorp (NYSE:AMTB) last announced its earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share (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 firm had revenue of $230.71 million during 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.