Wall Street Zen Downgrades Amerant Bancorp (NYSE:AMTB) to Hold

Amerant Bancorp (NYSE:AMTB) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Amerant Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Amerant Bancorp has an average rating of “Sell”.

Amerant Bancorp Stock Up 1.1%

NYSE:AMTB opened at $17.93 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. The company has a 50 day simple moving average of $20.14. The company has a market capitalization of $748.58 million, a price-to-earnings ratio of -89.65 and a beta of 1.30. Amerant Bancorp has a 12-month low of $16.21 and a 12-month high of $26.24.

Amerant Bancorp (NYSE:AMTB) last issued its earnings results on Wednesday, January 19th. The company reported $0.50 EPS for the quarter. The company had revenue of $56.99 million during the quarter. Amerant Bancorp had a return on equity of 7.12% and a net margin of 0.60%.

About Amerant Bancorp

Amerant Bancorp Inc operates as the 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 offers checking, savings, and money market accounts; and certificates of deposits. It also provides variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals primarily secured by personal residence; working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements.