Amerant Bancorp (NASDAQ:AMTB) PT Lowered to $25.00

Amerant Bancorp (NASDAQ:AMTB) had its target price decreased by stock analysts at Raymond James from $27.00 to $25.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 23.76% from the stock’s previous close.

A number of other brokerages have also commented on AMTB. Janney Montgomery Scott lowered Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Friday, July 26th. Keefe, Bruyette & Woods reduced their target price on Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. 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 note on Monday. Finally, Piper Sandler raised Amerant Bancorp from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $26.50 in a research note on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Amerant Bancorp Price Performance

AMTB stock traded down $0.08 during midday trading on Wednesday, reaching $20.20. 78,651 shares of the stock were exchanged, compared to its average volume of 120,077. The stock has a market capitalization of $681.06 million, a PE ratio of 29.47 and a beta of 0.99. Amerant Bancorp has a 52 week low of $16.63 and a 52 week high of $27.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.89. The company has a fifty day moving average price of $21.17 and a 200 day moving average price of $22.03.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). The business had revenue of $98.78 million during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.24 earnings per share. As a group, analysts expect that Amerant Bancorp will post 1.33 EPS for the current fiscal year.

Institutional Trading of Amerant Bancorp

Several hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amerant Bancorp by 30.1% during the 2nd 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. SG Americas Securities LLC acquired a new stake in Amerant Bancorp during the 2nd quarter valued at $199,000. Renaissance Technologies LLC bought a new position in shares of Amerant Bancorp in the 2nd quarter worth about $250,000. The Manufacturers Life Insurance Company lifted its position 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 purchasing an additional 2,316 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Amerant Bancorp during the 2nd quarter valued at about $281,000. 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.