Amerant Bancorp (NYSE:AMTB) Stock Rating Lowered by Zacks Research

Amerant Bancorp (NYSE:AMTB) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Other analysts have also issued reports about the company. Weiss Ratings upgraded Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. Keefe, Bruyette & Woods boosted their target price on Amerant Bancorp from $26.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Finally, Stephens lowered Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 target price on the stock. in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

Amerant Bancorp Stock Up 1.1%

AMTB stock opened at $29.61 on Thursday. Amerant Bancorp has a 12-month low of $15.62 and a 12-month high of $30.60. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 21.30 and a beta of 0.83. The company has a 50 day moving average of $28.92 and a two-hundred day moving average of $25.22.

Amerant Bancorp (NYSE:AMTB) last issued its earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. The company had revenue of $183.31 million during the quarter, compared to analyst estimates of $98.64 million. On average, equities analysts anticipate that Amerant Bancorp will post 2.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amerant Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Amerant Bancorp by 10.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company’s stock worth $30,611,000 after purchasing an additional 133,050 shares during the period. North Reef Capital Management LP acquired a new position in Amerant Bancorp during the first quarter valued at approximately $25,577,000. Sei Investments Co. grew its holdings in Amerant Bancorp by 25.2% during the first quarter. Sei Investments Co. now owns 198,326 shares of the company’s stock valued at $4,371,000 after purchasing an additional 39,971 shares during the last quarter. Empowered Funds LLC raised its position in shares of Amerant Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 164,730 shares of the company’s stock valued at $3,631,000 after purchasing an additional 5,492 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Amerant Bancorp by 12.6% in the first quarter. Bank of New York Mellon Corp now owns 146,319 shares of the company’s stock valued at $3,225,000 after purchasing an additional 16,343 shares during the period. 42.11% of the stock is currently owned by institutional investors and hedge funds.

About Amerant Bancorp

Amerant Bancorp (NYSE: AMTB) is a bank holding company headquartered in Coral Gables, Florida. Its principal subsidiary, Amerant Bank, provides banking and financial services to individuals, families, businesses and commercial clients.

Amerant Bank’s offerings include checking and savings accounts, certificates of deposit, consumer and commercial lending, residential mortgages, home equity products, credit cards, treasury management and wealth management services. The bank also provides digital banking tools and services for business and personal customers.

The company traces its roots to 1979 and operated for many years under the Mercantil Commercebank and Mercantil Bank names before adopting the Amerant brand.