Keefe, Bruyette & Woods Increases Amerant Bancorp (NASDAQ:AMTB) Price Target to $28.00

Amerant Bancorp (NASDAQ:AMTB) had its price objective upped by Keefe, Bruyette & Woods from $24.00 to $28.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other research analysts have also recently weighed in on AMTB. Raymond James lowered their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler increased their price objective on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Stephens upgraded Amerant Bancorp from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.40.

Amerant Bancorp Stock Up 1.6 %

AMTB opened at $25.44 on Wednesday. Amerant Bancorp has a 1-year low of $18.54 and a 1-year high of $27.00. The stock’s fifty day simple moving average is $22.32 and its 200 day simple moving average is $22.07. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The stock has a market cap of $1.07 billion, a PE ratio of -17.19 and a beta of 1.01.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. The business had revenue of ($999.00) million for the quarter, compared to analysts’ expectations of $99.39 million. During the same quarter in the prior year, the business earned $0.64 EPS. As a group, research analysts expect that Amerant Bancorp will post 1.22 earnings per share for the current year.

Amerant Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, November 14th. Amerant Bancorp’s payout ratio is currently -24.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMTB. Creative Planning boosted its stake in Amerant Bancorp by 7.6% in the third quarter. Creative Planning now owns 11,974 shares of the company’s stock valued at $256,000 after buying an additional 850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Amerant Bancorp by 30.1% in the second 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 in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Amerant Bancorp by 23.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock valued at $272,000 after buying an additional 2,316 shares in the last quarter. US Bancorp DE boosted its stake in Amerant Bancorp by 655.8% in the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after buying an additional 2,787 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Amerant Bancorp in the third quarter valued at about $65,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

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.