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

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $23.6667.

Several research analysts have recently weighed in on AMTB shares. Zacks Research raised shares of Amerant Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings cut shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd.

Amerant Bancorp Stock Up 0.0%

NYSE:AMTB opened at $25.64 on Wednesday. The firm has a market cap of $1.01 billion, a P/E ratio of 18.18 and a beta of 0.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. The firm has a 50-day simple moving average of $23.68 and a two-hundred day simple moving average of $22.49. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $26.33.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%.The business had revenue of $177.94 million for the quarter, compared to analysts’ expectations of $102.56 million. Analysts predict that Amerant Bancorp will post 1.79 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.09 per share. The ex-dividend date was Friday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. Amerant Bancorp’s dividend payout ratio is currently 25.53%.

Hedge Funds Weigh In On Amerant Bancorp

Several institutional investors have recently added to or reduced their stakes in AMTB. AQR Capital Management LLC grew its stake in shares of Amerant Bancorp by 83.0% in the 1st quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock worth $466,000 after buying an additional 10,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Amerant Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock valued at $454,000 after acquiring an additional 963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Amerant Bancorp by 6.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company’s stock worth $1,898,000 after purchasing an additional 5,434 shares during the last quarter. Legal & General Group Plc increased its position in shares of Amerant Bancorp by 1.8% during the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock worth $653,000 after acquiring an additional 617 shares during the period. Finally, Prudential Financial Inc. purchased a new position in Amerant Bancorp during the 2nd quarter worth $275,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

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.