Amerant Bancorp (NYSE:AMTB) Raised to “Hold” at Zacks Research

Amerant Bancorp (NYSE:AMTB) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

AMTB has been the subject of several other reports. Keefe, Bruyette & Woods raised their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Raymond James Financial raised their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Piper Sandler lifted their price objective on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Finally, Wall Street Zen downgraded shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Amerant Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Amerant Bancorp Trading Down 1.2%

Shares of NYSE AMTB opened at $21.53 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.86. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $23.55. The company has a market cap of $866.03 million, a price-to-earnings ratio of 17.22 and a beta of 1.00. The business has a fifty day simple moving average of $21.71 and a 200-day simple moving average of $20.04.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $230.71 million for the quarter. Amerant Bancorp had a return on equity of 7.78% and a net margin of 7.75%.

Insider Buying and Selling at Amerant Bancorp

In related news, Director Odilon Almeida purchased 4,816 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was bought at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the purchase, the director owned 5,316 shares in the company, valued at $111,582.84. The trade was a 963.20% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Guerra Advisors Inc acquired a new stake in Amerant Bancorp in the 3rd quarter worth approximately $32,000. State of Wyoming bought a new position in shares of Amerant Bancorp in the fourth quarter valued at approximately $78,000. CWM LLC raised its position in shares of Amerant Bancorp by 153.4% in the third quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after purchasing an additional 2,874 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Amerant Bancorp in the second quarter worth $129,000. 42.11% of the stock is owned by institutional investors.

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.