Amerant Bancorp Inc. (NYSE:AMTB) Receives $23.75 Consensus Target Price from Brokerages

Amerant Bancorp Inc. (NYSE:AMTB) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $23.75.

Several brokerages have recently issued reports on AMTB. Raymond James Financial boosted their price objective on Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price target on Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Wall Street Zen downgraded Amerant Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Zacks Research lowered Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th.

Amerant Bancorp Stock Performance

Shares of NYSE:AMTB opened at $20.65 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.86. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $23.55. The company has a market capitalization of $852.39 million, a price-to-earnings ratio of 16.52 and a beta of 1.00. The firm’s 50-day moving average is $21.56 and its 200 day moving average is $20.06.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $230.71 million for the quarter. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%.

Amerant Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, February 13th. Amerant Bancorp’s dividend payout ratio (DPR) is currently 28.80%.

Insiders Place Their Bets

In other news, Director Odilon Almeida acquired 4,816 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was acquired at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the transaction, the director owned 5,316 shares in the company, valued at approximately $111,582.84. The trade was a 963.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.37% of the company’s stock.

Institutional Trading of Amerant Bancorp

Several institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Amerant Bancorp by 1.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,309 shares of the company’s stock worth $962,000 after buying an additional 473 shares during the period. Ameriprise Financial Inc. increased its holdings in Amerant Bancorp by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock worth $2,807,000 after acquiring an additional 500 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after acquiring an additional 526 shares during the period. Legal & General Group Plc raised its position in Amerant Bancorp by 1.8% during the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock worth $653,000 after acquiring an additional 617 shares during the period. Finally, EJF Capital LLC lifted its stake in Amerant Bancorp by 3.5% in the 3rd quarter. EJF Capital LLC now owns 26,031 shares of the company’s stock valued at $502,000 after buying an additional 873 shares in the last quarter. 42.11% of the stock is owned by institutional investors and hedge funds.

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.