Amerant Bancorp’s (AMTB) Overweight Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Amerant Bancorp (NASDAQ:AMTB) in a research report report published on Thursday morning,Benzinga reports. They currently have a $29.00 target price on the stock.

A number of other research firms have also recently commented on AMTB. Piper Sandler upped their target price on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Raymond James dropped their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amerant Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.20.

Amerant Bancorp Stock Up 4.7 %

NASDAQ AMTB opened at $23.45 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Amerant Bancorp has a 52 week low of $18.54 and a 52 week high of $27.00. The firm has a market capitalization of $987.48 million, a price-to-earnings ratio of -15.84 and a beta of 1.03. The company has a fifty day moving average of $23.35 and a two-hundred day moving average of $22.29.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The firm had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. During the same period in the previous year, the company earned $0.64 EPS. On average, analysts predict that Amerant Bancorp will post 1.19 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.54%. Amerant Bancorp’s dividend payout ratio is presently -24.32%.

Institutional Trading of Amerant Bancorp

A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Amerant Bancorp during the third quarter valued at approximately $65,000. US Bancorp DE increased its position in shares of Amerant Bancorp by 655.8% during the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock worth $69,000 after purchasing an additional 2,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amerant Bancorp by 74.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock worth $193,000 after purchasing an additional 3,845 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Amerant Bancorp during the 3rd quarter valued at $247,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Amerant Bancorp in the 2nd quarter worth $250,000. 42.11% of the stock is currently owned by institutional investors.

About Amerant Bancorp

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.