Amerant Bancorp's (AMTB) Overweight Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of Amerant Bancorp (NASDAQ:AMTB - Free Report) in a research note published on Friday morning,Benzinga reports. The firm currently has a $29.00 price target on the stock.

A number of other research analysts have also recently issued reports on AMTB. Keefe, Bruyette & Woods lifted their price objective on Amerant Bancorp from $24.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Raymond James cut their price target on shares of Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, October 2nd. Finally, Piper Sandler upped their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.20.

Amerant Bancorp Price Performance

NASDAQ AMTB traded up $0.22 on Friday, reaching $21.78. The company's stock had a trading volume of 176,125 shares, compared to its average volume of 155,563. Amerant Bancorp has a 52 week low of $18.54 and a 52 week high of $27.00. 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 firm has a market cap of $917.11 million, a PE ratio of -14.72 and a beta of 1.01. The business has a 50-day moving average price of $23.62 and a 200 day moving average price of $22.30.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The business had revenue of ($999.00) million during the quarter, compared to analysts' expectations of $99.39 million. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. During the same period in the prior year, the firm posted $0.64 EPS. Sell-side analysts expect that Amerant Bancorp will post 1.22 EPS for the current year.

Amerant Bancorp Dividend Announcement

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 dividend of $0.09 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.36 annualized dividend and a yield of 1.65%. Amerant Bancorp's dividend payout ratio (DPR) is -24.32%.

Hedge Funds Weigh In On Amerant Bancorp

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Amerant Bancorp in the third quarter valued at about $65,000. US Bancorp DE grew its position in shares of Amerant Bancorp by 655.8% during the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company's stock worth $69,000 after buying an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Amerant Bancorp by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company's stock worth $117,000 after buying an additional 1,197 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Amerant Bancorp in the second quarter valued at approximately $250,000. Finally, Quadrature Capital Ltd bought a new position in Amerant Bancorp in the third quarter valued at approximately $247,000. 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.