Amerant Bancorp Inc. (NYSE:AMTB) Receives Average Recommendation of “Hold” from Analysts

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have received a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.6667.

Several brokerages have recently weighed in on AMTB. Weiss Ratings upgraded shares of Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Piper Sandler raised their price target on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods lifted their price objective on Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th.

Amerant Bancorp Stock Up 0.0%

AMTB opened at $22.46 on Tuesday. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $24.38. 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 firm’s fifty day moving average price is $22.63 and its two-hundred day moving average price is $21.18. The company has a market capitalization of $883.84 million, a P/E ratio of 15.93 and a beta of 0.90.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $177.94 million during the quarter, compared to analysts’ expectations of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. On average, analysts anticipate that Amerant Bancorp will post 1.76 EPS for the current year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 15th. Amerant Bancorp’s dividend payout ratio is 25.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Amerant Bancorp by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,732,375 shares of the company’s stock valued at $110,463,000 after purchasing an additional 19,426 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Amerant Bancorp by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock worth $47,311,000 after purchasing an additional 206,874 shares in the last quarter. Patriot Financial Partners GP II L.P. bought a new position in Amerant Bancorp during the 3rd quarter valued at about $44,621,000. Dimensional Fund Advisors LP lifted its holdings in Amerant Bancorp by 10.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company’s stock valued at $30,611,000 after purchasing an additional 133,050 shares during the last quarter. Finally, State Street Corp boosted its position in Amerant Bancorp by 9.8% in the fourth quarter. State Street Corp now owns 1,173,568 shares of the company’s stock valued at $22,896,000 after buying an additional 104,578 shares in the last quarter. 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.