Amerant Bancorp Inc. (NYSE:AMTB) Receives Consensus Rating of “Hold” from Analysts

Amerant Bancorp Inc. (NYSE:AMTB) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.6667.

Several equities research analysts recently weighed in on AMTB shares. Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd.

Institutional Investors Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMTB. Guerra Advisors Inc purchased a new stake in Amerant Bancorp in the third quarter valued at approximately $32,000. Royal Bank of Canada lifted its stake in Amerant Bancorp by 149.2% in the first quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock valued at $56,000 after buying an additional 1,511 shares during the last quarter. State of Wyoming purchased a new stake in Amerant Bancorp in the fourth quarter valued at approximately $78,000. Tower Research Capital LLC TRC lifted its stake in Amerant Bancorp by 11.8% in 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 stake in Amerant Bancorp in the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

AMTB stock opened at $22.12 on Tuesday. The business has a 50 day moving average price of $22.81 and a 200 day moving average price of $21.37. The stock has a market cap of $870.30 million, a price-to-earnings ratio of 15.69 and a beta of 0.90. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $24.38. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90.

Amerant Bancorp (NYSE:AMTB) last posted its earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $177.94 million during the quarter, compared to analysts’ expectations of $102.56 million. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%. Equities research analysts anticipate that Amerant Bancorp will post 1.76 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, May 15th. This represents a $0.36 annualized dividend and a yield of 1.6%. Amerant Bancorp’s payout ratio is presently 25.53%.

About Amerant Bancorp

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.