Amerant Bancorp (NASDAQ:AMTB) Receives Overweight Rating from Stephens

Stephens restated their overweight rating on shares of Amerant Bancorp (NASDAQ:AMTB) in a research note released on Friday,Benzinga reports. Stephens currently has a $29.00 price target on the stock.

Several other brokerages also recently weighed in on AMTB. Keefe, Bruyette & Woods boosted their price target on Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler increased their target price 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, Raymond James decreased their price target on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Amerant Bancorp Stock Up 1.0 %

Shares of NASDAQ:AMTB opened at $21.78 on Friday. The company has a market capitalization of $917.11 million, a P/E ratio of -14.72 and a beta of 1.01. The stock’s fifty day simple moving average is $23.62 and its 200-day simple moving average is $22.30. Amerant Bancorp has a 52-week low of $18.54 and a 52-week high of $27.00. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

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

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, November 14th. Amerant Bancorp’s payout ratio is currently -24.32%.

Institutional Investors Weigh In On Amerant Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMTB. Bank of New York Mellon Corp grew its holdings in shares of Amerant Bancorp by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 156,190 shares of the company’s stock worth $3,546,000 after purchasing an additional 21,318 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amerant Bancorp by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock worth $117,000 after acquiring an additional 1,197 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Amerant Bancorp by 10.9% in the 2nd quarter. Rhumbline Advisers now owns 46,973 shares of the company’s stock valued at $1,066,000 after acquiring an additional 4,622 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Amerant Bancorp by 9.1% during 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 in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Amerant Bancorp during the 2nd quarter worth $250,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

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.