Amerant Bancorp (NYSE:AMTB) Posts Earnings Results, Beats Expectations By $0.14 EPS

Amerant Bancorp (NYSE:AMTB) announced its quarterly earnings data on Thursday. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14, FiscalAI reports. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%.

Amerant Bancorp Trading Up 1.4%

Amerant Bancorp stock traded up $0.36 during mid-day trading on Thursday, reaching $25.81. 352,888 shares of the company traded hands, compared to its average volume of 283,673. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.85. The firm’s 50 day moving average price is $24.01 and its 200 day moving average price is $22.75. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.31 and a beta of 0.88. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $26.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMTB. State of Wyoming bought a new stake in shares of Amerant Bancorp during the fourth quarter valued at approximately $78,000. Tower Research Capital LLC TRC lifted its position in Amerant Bancorp by 11.8% during 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 period. Raymond James Financial Inc. purchased a new position in Amerant Bancorp during the second quarter valued at $129,000. Aquatic Capital Management LLC bought a new stake in shares of Amerant Bancorp during the 3rd quarter valued at $143,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Amerant Bancorp by 60.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,476 shares of the company’s stock valued at $144,000 after buying an additional 2,819 shares in the last quarter. Institutional investors own 42.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Zacks Research raised shares of Amerant Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings lowered Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.67.

Amerant Bancorp Company Profile

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.