Amerant Bancorp (NASDAQ:AMTB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Amerant Bancorp (NASDAQ:AMTB) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $25.00 to $27.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 16.33% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Raymond James reduced their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Piper Sandler increased their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Stephens reissued an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Amerant Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Amerant Bancorp Stock Down 1.1 %

Amerant Bancorp stock opened at $23.21 on Monday. The company has a market capitalization of $977.37 million, a P/E ratio of -40.72 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp has a fifty-two week low of $18.54 and a fifty-two week high of $27.00. The stock has a 50-day simple moving average of $23.32 and a 200-day simple moving average of $22.29.

Hedge Funds Weigh In On Amerant Bancorp

A number of large investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Amerant Bancorp in the 3rd quarter valued at approximately $65,000. US Bancorp DE lifted its holdings in Amerant Bancorp by 655.8% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Amerant Bancorp by 74.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock worth $193,000 after purchasing an additional 3,845 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Amerant Bancorp during the 2nd quarter worth $250,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Amerant Bancorp in the 3rd quarter valued at about $247,000. Hedge funds and other 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.