Amerant Bancorp Inc. (NYSE:AMTB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Amerant Bancorp Inc. (NYSE:AMTB) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $23.75.

A number of brokerages have issued reports on AMTB. Piper Sandler lifted their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods upped their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research report on Friday, March 27th. Raymond James Financial upped their target price on Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Finally, Zacks Research upgraded shares of Amerant Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 26th.

Amerant Bancorp Trading Down 0.0%

Shares of NYSE AMTB opened at $22.76 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.86. The company has a market cap of $915.72 million, a price-to-earnings ratio of 18.21 and a beta of 0.93. Amerant Bancorp has a 12-month low of $15.62 and a 12-month high of $23.55. The stock’s 50 day simple moving average is $21.82 and its 200 day simple moving average is $20.08.

Amerant Bancorp (NYSE:AMTB) last released its quarterly 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 7.78% and a net margin of 7.75%.The company had revenue of $230.71 million during the quarter.

Amerant Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, February 13th. Amerant Bancorp’s dividend payout ratio is 28.80%.

Insider Transactions at Amerant Bancorp

In other Amerant Bancorp news, Director Odilon Almeida purchased 4,816 shares of the stock in a transaction dated Tuesday, January 27th. The stock was bought at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the transaction, the director directly owned 5,316 shares in the company, valued at $111,582.84. This represents a 963.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 5.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amerant Bancorp

Large investors have recently modified their holdings of the business. Guerra Advisors Inc bought a new position in shares of Amerant Bancorp during the 3rd quarter worth approximately $32,000. State of Wyoming acquired a new position in shares of Amerant Bancorp during the 4th quarter worth about $78,000. CWM LLC raised its stake in Amerant Bancorp by 153.4% in the third quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after buying an additional 2,874 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after purchasing an additional 526 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Amerant Bancorp during the 2nd quarter worth about $129,000. 42.11% of the stock is currently owned by institutional investors.

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.