Amerant Bancorp (NYSE:AMTB) Trading 0.5% Higher – Should You Buy?

Amerant Bancorp Inc. (NYSE:AMTB)’s stock price traded up 0.5% during trading on Thursday . The company traded as high as $22.58 and last traded at $22.49. 220,818 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 292,225 shares. The stock had previously closed at $22.38.

Wall Street Analyst Weigh In

AMTB has been the topic of several research analyst reports. Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Amerant Bancorp in a report on Monday, December 29th. Wall Street Zen upgraded Amerant Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Raymond James Financial raised shares of Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Amerant Bancorp Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.98. The stock has a market cap of $928.16 million, a P/E ratio of 17.99 and a beta of 1.02. The firm has a 50 day moving average price of $21.11 and a 200 day moving average price of $19.87.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $112.17 million during the quarter. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.

Amerant Bancorp Company Profile

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.