Mercantil Bank Holding Corp (NASDAQ:AMTB) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.00.

Several analysts have issued reports on AMTB shares. SunTrust Banks started coverage on shares of Mercantil Bank in a research note on Wednesday, January 16th. They issued a “buy” rating and a $16.00 price objective for the company. FIG Partners assumed coverage on shares of Mercantil Bank in a research note on Friday, March 1st. They set a “market perform” rating and a $17.00 price target for the company. Zacks Investment Research raised shares of Mercantil Bank from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research note on Tuesday, March 19th. ValuEngine downgraded shares of Mercantil Bank from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Raymond James lifted their price target on shares of Mercantil Bank from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, April 29th.

NASDAQ AMTB traded down $0.29 during trading on Wednesday, hitting $17.59. The stock had a trading volume of 30,600 shares, compared to its average volume of 30,849. The company has a market cap of $773.28 million and a P/E ratio of 13.16. Mercantil Bank has a one year low of $10.65 and a one year high of $259.23.

Mercantil Bank (NASDAQ:AMTB) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The firm had revenue of $68.59 million during the quarter, compared to the consensus estimate of $67.18 million. As a group, research analysts predict that Mercantil Bank will post 1.29 earnings per share for the current fiscal year.

In other news, major shareholder Servicios Financiero Mercantil sold 2,112,321 shares of Mercantil Bank stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $13.48, for a total transaction of $28,474,087.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Mercantil Bank in the first quarter worth approximately $51,000. Marshall Wace LLP bought a new position in Mercantil Bank in the first quarter worth approximately $87,000. Victory Capital Management Inc. bought a new position in Mercantil Bank in the fourth quarter worth approximately $117,000. Acadian Asset Management LLC bought a new position in Mercantil Bank in the first quarter worth approximately $145,000. Finally, Citigroup Inc. bought a new position in Mercantil Bank in the first quarter worth approximately $155,000. 9.41% of the stock is owned by hedge funds and other institutional investors.

About Mercantil Bank

Mercantil Bank Holding Corporation operates as a bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. The company operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional.

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Analyst Recommendations for Mercantil Bank (NASDAQ:AMTB)

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