Amerant Bancorp (NYSE:AMTB) Stock Rating Lowered by Zacks Research

Amerant Bancorp (NYSE:AMTB) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Amerant Bancorp from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. Finally, Raymond James Financial raised Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Amerant Bancorp has a consensus rating of “Hold”.

Amerant Bancorp Stock Performance

AMTB stock traded up $0.66 during mid-day trading on Tuesday, hitting $21.54. The company had a trading volume of 71,096 shares, compared to its average volume of 256,014. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $888.96 million, a price-to-earnings ratio of 17.23 and a beta of 1.03. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $24.30. The firm’s fifty day moving average is $20.00.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.The business had revenue of $112.17 million for the quarter.

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.