Analysts Set Amerant Bancorp Inc. (NYSE:AMTB) Price Target at $23.75

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.75.

A number of analysts recently commented on the company. Wall Street Zen lowered Amerant Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Raymond James Financial boosted their target price on Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their target price on Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Piper Sandler boosted their target price on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Finally, Zacks Research raised Amerant Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 26th.

Amerant Bancorp Stock Performance

Shares of Amerant Bancorp stock opened at $23.86 on Monday. Amerant Bancorp has a one year low of $15.62 and a one year high of $24.12. The firm has a market capitalization of $959.69 million, a price-to-earnings ratio of 19.08 and a beta of 0.93. The business has a 50-day simple moving average of $21.98 and a 200 day simple moving average of $20.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.91.

Amerant Bancorp (NYSE:AMTB) last issued its earnings results on Thursday, January 22nd. The company reported $0.53 EPS 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 business had revenue of $230.71 million during the quarter.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, February 13th. Amerant Bancorp’s dividend payout ratio (DPR) is currently 28.80%.

Insider Activity

In related news, Director Odilon Almeida bought 4,816 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were bought at an average price 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 approximately $111,582.84. This represents a 963.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Guerra Advisors Inc purchased a new position in shares of Amerant Bancorp during the third quarter valued at approximately $32,000. State of Wyoming purchased a new position in shares of Amerant Bancorp during the fourth quarter valued at approximately $78,000. CWM LLC boosted its position in shares of Amerant Bancorp by 153.4% during the third quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after buying an additional 2,874 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after buying an additional 526 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Amerant Bancorp during the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

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.