Amerant Bancorp (NYSE:AMTB) Rating Increased 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 to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.67.

Amerant Bancorp Stock Up 1.5%

AMTB stock opened at $24.65 on Tuesday. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $24.70. 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 stock has a market capitalization of $970.10 million, a price-to-earnings ratio of 17.48 and a beta of 0.90. The business’s fifty day moving average price is $23.09 and its two-hundred day moving average price is $21.97.

Amerant Bancorp (NYSE:AMTB) last announced its earnings results 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. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. The company had revenue of $177.94 million during the quarter, compared to analysts’ expectations of $102.56 million. On average, equities analysts anticipate that Amerant Bancorp will post 1.79 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Amerant Bancorp by 0.3% during the third quarter. Wellington Management Group LLP now owns 5,732,375 shares of the company’s stock worth $110,463,000 after purchasing an additional 19,426 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Amerant Bancorp by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock valued at $47,311,000 after purchasing an additional 206,874 shares during the last quarter. Patriot Financial Partners GP II L.P. bought a new position in shares of Amerant Bancorp in the 3rd quarter valued at $44,621,000. Dimensional Fund Advisors LP raised its holdings in shares of Amerant Bancorp by 10.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company’s stock worth $30,611,000 after buying an additional 133,050 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Amerant Bancorp by 9.8% during the 4th quarter. State Street Corp now owns 1,173,568 shares of the company’s stock worth $22,896,000 after buying an additional 104,578 shares in the last quarter. 42.11% of the stock is currently owned by institutional investors and hedge funds.

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.