Amerant Bancorp Inc. (NYSE:AMTB) Receives $23.75 Average PT from Analysts

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have received a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $23.75.

A number of equities research analysts recently commented on the company. Piper Sandler upped their price objective on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Raymond James Financial raised their target price on Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Wall Street Zen lowered Amerant Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th.

Insider Buying and Selling at Amerant Bancorp

In other news, Director Odilon Almeida purchased 4,816 shares of Amerant Bancorp stock in a transaction dated Tuesday, January 27th. The shares were bought at an average cost of $20.99 per share, with a total value of $101,087.84. Following the completion of the transaction, the director directly owned 5,316 shares in the company, valued at $111,582.84. This trade represents a 963.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Amerant Bancorp

A number of large investors have recently made changes to their positions in AMTB. AQR Capital Management LLC lifted its holdings in Amerant Bancorp by 83.0% during the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock worth $466,000 after acquiring an additional 10,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Amerant Bancorp by 4.6% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 acquiring an additional 5,434 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Amerant Bancorp by 0.3% in the second quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock worth $15,602,000 after acquiring an additional 2,929 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Amerant Bancorp by 12.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 32,412 shares of the company’s stock worth $591,000 after purchasing an additional 3,556 shares during the period. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

AMTB opened at $20.31 on Thursday. The company has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $20.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.91 and a current ratio of 0.92. Amerant Bancorp has a 52 week low of $15.62 and a 52 week high of $23.55. The firm has a market capitalization of $838.03 million, a PE ratio of 16.24 and a beta of 1.00.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Amerant Bancorp had a return on equity of 7.78% and a net margin of 7.75%.The company had revenue of $230.71 million for the quarter.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.09 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.36 annualized dividend and a yield of 1.8%. Amerant Bancorp’s dividend payout ratio (DPR) is 28.80%.

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.