Amerant Bancorp (NYSE:AMTB) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Amerant Bancorp (NYSE:AMTB) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on 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 reiterated a “hold (c)” rating on shares of Amerant Bancorp in a report on Monday, December 29th. Finally, Raymond James Financial upgraded Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Amerant Bancorp currently has a consensus rating of “Hold”.

Amerant Bancorp Stock Up 2.4%

Amerant Bancorp stock traded up $0.50 during midday trading on Tuesday, reaching $21.38. The stock had a trading volume of 62,683 shares, compared to its average volume of 255,803. 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 company has a market capitalization of $882.35 million, a price-to-earnings ratio of 17.10 and a beta of 1.03. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $24.30. The stock has a fifty day simple moving average of $20.00.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.The firm 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.