Amerant Bancorp Inc. (NYSE:AMTB) Receives Consensus Rating of “Hold” from Brokerages

Amerant Bancorp Inc. (NYSE:AMTB) has received a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.6667.

Several analysts recently issued reports on AMTB shares. Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings raised Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th.

Institutional Trading of Amerant Bancorp

Several large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Amerant Bancorp by 149.2% in the first quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock worth $56,000 after buying an additional 1,511 shares during the period. State of Wyoming purchased a new stake in Amerant Bancorp in the fourth quarter worth about $78,000. Tower Research Capital LLC TRC lifted its holdings in Amerant Bancorp by 11.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after buying an additional 526 shares during the period. Raymond James Financial Inc. purchased a new stake in Amerant Bancorp in the second quarter worth about $129,000. Finally, Aquatic Capital Management LLC purchased a new stake in Amerant Bancorp in the third quarter worth about $143,000. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Stock Down 0.0%

NYSE AMTB opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.85. The stock has a market capitalization of $928.46 million, a PE ratio of 16.73 and a beta of 0.90. Amerant Bancorp has a 1 year low of $15.62 and a 1 year high of $24.38. The business’s 50-day moving average is $23.07 and its 200 day moving average is $21.85.

Amerant Bancorp (NYSE:AMTB) last posted its earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $177.94 million for the quarter, compared to analysts’ expectations of $102.56 million. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%. Sell-side analysts forecast that Amerant Bancorp will post 1.79 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.5%. Amerant Bancorp’s dividend payout ratio (DPR) is presently 25.53%.

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.