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

Amerant Bancorp (NASDAQ:AMTB - Get Free Report)'s stock had its "overweight" rating reaffirmed by Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $29.00 price objective on the stock. Stephens' price objective would suggest a potential upside of 24.95% from the company's previous close.

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

Amerant Bancorp Stock Performance

Shares of NASDAQ:AMTB traded down $0.27 on Thursday, hitting $23.21. 249,836 shares of the company were exchanged, compared to its average volume of 197,022. The company's 50 day moving average price is $23.32 and its two-hundred day moving average price is $22.30. The firm has a market capitalization of $977.37 million, a price-to-earnings ratio of -40.72 and a beta of 1.03. 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 one year low of $18.54 and a one year high of $27.00.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 positive return on equity of 6.36% and a negative net margin of 8.38%. During the same quarter last year, the firm earned $0.64 EPS. Research analysts expect that Amerant Bancorp will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Amerant Bancorp

Several institutional investors have recently modified their holdings of AMTB. Quantbot Technologies LP acquired a new position in Amerant Bancorp in the 3rd quarter worth $65,000. US Bancorp DE boosted its position in shares of Amerant Bancorp by 655.8% during the third 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 boosted its position in shares of Amerant Bancorp by 74.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company's stock worth $193,000 after buying an additional 3,845 shares during the period. Renaissance Technologies LLC bought a new position in shares of Amerant Bancorp during the second quarter worth about $250,000. Finally, Quadrature Capital Ltd acquired a new stake in Amerant Bancorp in the 3rd quarter valued at approximately $247,000. 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.