Amerant Bancorp (NASDAQ:AMTB) Stock Rating Upgraded by Stephens

Amerant Bancorp (NASDAQ:AMTB) was upgraded by Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a $25.00 target price on the stock, up from their prior target price of $24.00. Stephens’ target price indicates a potential upside of 17.32% from the stock’s previous close.

A number of other equities analysts have also issued reports on AMTB. Janney Montgomery Scott lowered shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Friday, July 26th. Keefe, Bruyette & Woods dropped their price target on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. Finally, Piper Sandler raised shares of Amerant Bancorp from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $26.50 in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Amerant Bancorp Trading Up 3.9 %

Shares of NASDAQ AMTB traded up $0.80 during mid-day trading on Monday, reaching $21.31. The company had a trading volume of 218,779 shares, compared to its average volume of 118,136. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. Amerant Bancorp has a 52 week low of $16.63 and a 52 week high of $27.00. The business’s 50-day moving average is $21.40 and its 200-day moving average is $22.04. The stock has a market cap of $718.49 million, a price-to-earnings ratio of 31.46 and a beta of 1.00.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.07). The firm had revenue of $98.78 million for the quarter, compared to analysts’ expectations of $93.19 million. Amerant Bancorp had a net margin of 3.15% and a return on equity of 7.78%. During the same period in the previous year, the company posted $0.24 earnings per share. Equities analysts expect that Amerant Bancorp will post 1.33 earnings per share for the current year.

Institutional Trading of Amerant Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Amerant Bancorp by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after buying an additional 1,197 shares during the period. SG Americas Securities LLC acquired a new position in shares of Amerant Bancorp in the 2nd quarter valued at about $199,000. Renaissance Technologies LLC acquired a new position in shares of Amerant Bancorp in the 2nd quarter valued at about $250,000. The Manufacturers Life Insurance Company lifted its stake in shares of Amerant Bancorp by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock valued at $272,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Amerant Bancorp in the 2nd quarter valued at about $281,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

About Amerant Bancorp

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.