Amerant Bancorp’s (AMTB) “Overweight” Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Amerant Bancorp (NASDAQ:AMTB) in a research report report published on Friday,Benzinga reports. Stephens currently has a $29.00 price target on the stock.

A number of other brokerages have also weighed in on AMTB. Keefe, Bruyette & Woods lifted their target price on shares of Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Raymond James cut their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Piper Sandler increased their target price on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.20.

Amerant Bancorp Trading Up 1.0 %

AMTB opened at $21.78 on Friday. The firm has a market capitalization of $917.11 million, a price-to-earnings ratio of -14.72 and a beta of 1.01. Amerant Bancorp has a one year low of $18.54 and a one year high of $27.00. The business has a 50 day simple moving average of $23.62 and a two-hundred day simple moving average of $22.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.

Amerant Bancorp (NASDAQ:AMTB) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of ($999.00) million during the quarter, compared to the consensus estimate of $99.39 million. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. During the same quarter in the prior year, the company earned $0.64 earnings per share. Analysts predict that Amerant Bancorp will post 1.22 EPS for the current year.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, November 14th. Amerant Bancorp’s payout ratio is currently -24.32%.

Hedge Funds Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in AMTB. Creative Planning boosted its position in shares of Amerant Bancorp by 7.6% in the 3rd quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after purchasing an additional 850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Amerant Bancorp by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock worth $117,000 after acquiring an additional 1,197 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Amerant Bancorp by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock worth $497,000 after acquiring an additional 1,705 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Amerant Bancorp by 23.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock valued at $272,000 after acquiring an additional 2,316 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Amerant Bancorp by 655.8% during the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after acquiring an additional 2,787 shares in the last quarter. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.