Amerant Bancorp Inc. (NYSE:AMTB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.3333.

AMTB has been the topic of several research analyst reports. Zacks Research raised shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods raised their price target on shares of Amerant Bancorp from $26.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings downgraded shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd.

Institutional Trading of Amerant Bancorp

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Amerant Bancorp by 149.2% in the first quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock valued at $56,000 after purchasing an additional 1,511 shares during the period. State of Wyoming purchased a new position in shares of Amerant Bancorp in the fourth quarter worth about $78,000. Tower Research Capital LLC TRC lifted its holdings in shares of Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after purchasing an additional 526 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Amerant Bancorp during the second quarter worth about $129,000. Finally, Aquatic Capital Management LLC purchased a new stake in Amerant Bancorp in the third quarter valued at approximately $143,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

Shares of NYSE AMTB opened at $28.91 on Friday. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $30.60. The company has a market cap of $1.13 billion, a PE ratio of 20.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.86. The business has a 50-day simple moving average of $25.60 and a two-hundred day simple moving average of $23.47.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. The firm had revenue of $183.31 million for the quarter, compared to the consensus estimate of $98.64 million. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. As a group, equities analysts expect that Amerant Bancorp will post 2.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.09 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. Amerant Bancorp’s dividend payout ratio (DPR) is 25.90%.

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.