Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Amerant Bancorp (NASDAQ:AMTB) Stock

Amerant Bancorp (NASDAQ:AMTB) had its price objective upped by analysts at Keefe, Bruyette & Woods from $21.00 to $23.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 10.66% from the stock’s previous close.

Several other research analysts have also weighed in on AMTB. Piper Sandler increased their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James Financial increased their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.75.

Amerant Bancorp Trading Down 0.3%

Shares of AMTB traded down $0.07 during midday trading on Wednesday, reaching $20.79. The company had a trading volume of 24,716 shares, compared to its average volume of 251,978. Amerant Bancorp has a 1-year low of $15.62 and a 1-year high of $24.30. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $19.93 and a 200-day simple moving average of $19.55. The stock has a market cap of $857.71 million, a PE ratio of -36.33 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMTB. AQR Capital Management LLC raised its holdings in shares of Amerant Bancorp by 83.0% in the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock valued at $466,000 after buying an additional 10,249 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Amerant Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock valued at $454,000 after acquiring an additional 963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Amerant Bancorp by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company’s stock worth $1,898,000 after acquiring an additional 5,434 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Amerant Bancorp by 3.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 550,683 shares of the company’s stock valued at $10,039,000 after purchasing an additional 16,943 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in shares of Amerant Bancorp in the second quarter valued at approximately $695,000. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.