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

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

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

Amerant Bancorp Stock Performance

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

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%. The company had revenue of $230.71 million during the quarter.

Insider Activity

In other news, Director Odilon Almeida acquired 4,816 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the purchase, the director owned 5,316 shares in the company, valued at approximately $111,582.84. This trade represents a 963.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.37% of the stock is currently owned by insiders.

Institutional Trading of Amerant Bancorp

A number of large investors have recently bought and sold shares of AMTB. Guerra Advisors Inc bought a new position in shares of Amerant Bancorp during the 3rd quarter worth $32,000. State of Wyoming purchased a new stake in Amerant Bancorp during the fourth quarter valued at about $78,000. CWM LLC increased its stake in shares of Amerant Bancorp by 153.4% in the third quarter. CWM LLC now owns 4,748 shares of the company’s stock worth $91,000 after purchasing an additional 2,874 shares in the last quarter. Tower Research Capital LLC TRC increased 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 purchasing an additional 526 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Amerant Bancorp in the 2nd quarter worth approximately $129,000. 42.11% of the stock is owned by hedge funds and other 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.