Amerant Bancorp (NYSE:AMTB) Upgraded by Wall Street Zen to “Buy” Rating

Amerant Bancorp (NYSE:AMTB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts have also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a report on Monday, December 29th. Zacks Research cut shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Raymond James Financial raised shares of Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Amerant Bancorp Stock Performance

Shares of NYSE AMTB opened at $22.60 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $932.70 million, a PE ratio of 18.08 and a beta of 1.02. The company has a 50-day simple moving average of $21.16 and a 200-day simple moving average of $19.89. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $24.02.

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 analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $112.17 million for the quarter. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.81%.

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.