Amerant Bancorp (NASDAQ:AMTB) Price Target Raised to $27.00

Amerant Bancorp (NASDAQ:AMTB) had its target price hoisted by research analysts at Keefe, Bruyette & Woods from $25.00 to $27.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 16.75% from the stock’s previous close.

A number of other analysts also recently commented on the stock. Piper Sandler increased their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Stephens reiterated an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Finally, Raymond James cut their target price on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Amerant Bancorp Price Performance

Shares of NASDAQ AMTB opened at $23.13 on Monday. The firm has a 50-day simple moving average of $23.31 and a 200-day simple moving average of $22.28. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $973.88 million, a price-to-earnings ratio of -40.57 and a beta of 1.03. Amerant Bancorp has a 52 week low of $18.54 and a 52 week high of $27.00.

Institutional Investors Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMTB. Wellington Management Group LLP lifted its stake in Amerant Bancorp by 74.1% during the 3rd quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock worth $120,585,000 after acquiring an additional 2,401,027 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Amerant Bancorp by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock valued at $19,621,000 after acquiring an additional 72,028 shares during the last quarter. State Street Corp boosted its holdings in shares of Amerant Bancorp by 8.2% in the 3rd quarter. State Street Corp now owns 807,835 shares of the company’s stock valued at $17,263,000 after buying an additional 61,056 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amerant Bancorp by 13.6% in the 3rd quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock valued at $15,697,000 after purchasing an additional 87,696 shares during the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Amerant Bancorp during the third quarter worth approximately $13,613,000. Hedge funds and other 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.