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

Amerant Bancorp (NASDAQ:AMTB) had its price target lifted by Keefe, Bruyette & Woods from $24.00 to $28.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 10.24% from the stock’s current price.

Other research analysts also recently issued reports about the company. Raymond James dropped their price target 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. Stephens raised Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Finally, Piper Sandler lifted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average price target of $26.40.

Amerant Bancorp Stock Down 0.2 %

Shares of AMTB stock opened at $25.40 on Wednesday. The stock’s 50 day simple moving average is $22.42 and its 200 day simple moving average is $22.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp has a twelve month low of $18.54 and a twelve month high of $27.00. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -17.16 and a beta of 1.01.

Amerant Bancorp (NASDAQ:AMTB) last issued its quarterly earnings data 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 the consensus estimate of $99.39 million. During the same period last year, the business earned $0.64 EPS. As a group, research analysts predict that Amerant Bancorp will post 1.22 EPS for the current year.

Institutional Trading of Amerant Bancorp

Several institutional investors have recently modified their holdings of the company. Creative Planning boosted its stake in Amerant Bancorp by 7.6% in the 3rd 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 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 in the last quarter. The Manufacturers Life Insurance Company boosted its stake in 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 buying an additional 2,316 shares in the last quarter. US Bancorp DE boosted its stake in Amerant Bancorp by 655.8% in the 3rd 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 3rd quarter valued at $65,000. Institutional investors and hedge funds 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.