Amerant Bancorp (NYSE:AMTB) Shares Up 0.5% – What’s Next?

Shares of Amerant Bancorp Inc. (NYSE:AMTB) shot up 0.5% during trading on Thursday . The company traded as high as $22.58 and last traded at $22.49. 220,818 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 292,225 shares. The stock had previously closed at $22.38.

Wall Street Analyst Weigh In

AMTB has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Raymond James Financial raised Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen upgraded Amerant Bancorp from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Amerant Bancorp Trading Up 0.5%

The business’s 50-day simple moving average is $21.16 and its two-hundred day simple moving average is $19.89. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $932.70 million, a PE ratio of 18.08 and a beta of 1.02.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. The business had revenue of $112.17 million for the quarter. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.

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.