Amerant Bancorp (NASDAQ:AMTB) Given New $27.00 Price Target at Keefe, Bruyette & Woods

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) had its target price upped by equities researchers at Keefe, Bruyette & Woods from $25.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 14.49% from the stock's previous close.

A number of other analysts have also issued reports on AMTB. Raymond James dropped their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 2nd. Stephens reiterated an "overweight" rating and set a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday. Finally, Piper Sandler boosted their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Amerant Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

Amerant Bancorp Trading Up 1.5 %

AMTB stock traded up $0.35 during midday trading on Monday, reaching $23.58. 364,017 shares of the company's stock traded hands, compared to its average volume of 206,709. The company has a market capitalization of $993.04 million, a P/E ratio of -41.37 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. Amerant Bancorp has a fifty-two week low of $18.54 and a fifty-two week high of $27.00. The business has a 50-day moving average price of $23.32 and a two-hundred day moving average price of $22.29.

Institutional Investors Weigh In On Amerant Bancorp

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in Amerant Bancorp in the third quarter worth about $65,000. US Bancorp DE lifted its holdings 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 acquiring an additional 2,787 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Amerant Bancorp by 74.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company's stock valued at $193,000 after acquiring an additional 3,845 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Amerant Bancorp in the 3rd quarter valued at about $247,000. Finally, Renaissance Technologies LLC acquired a new stake in Amerant Bancorp in the 2nd quarter valued at about $250,000. Institutional investors and hedge funds 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.