Amerant Bancorp (NASDAQ:AMTB) Given New $29.00 Price Target at Piper Sandler

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) had its price target boosted by research analysts at Piper Sandler from $26.50 to $29.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price target indicates a potential upside of 38.89% from the company's current price.

A number of other equities research analysts have also commented on the stock. Janney Montgomery Scott lowered shares of Amerant Bancorp from a "buy" rating to a "neutral" rating and set a $25.00 price target for the company. in a report on Friday, July 26th. Keefe, Bruyette & Woods reduced their price objective on shares of Amerant Bancorp from $26.00 to $24.00 and set a "market perform" rating on the stock in a research report on Monday, July 29th. Stephens raised shares of Amerant Bancorp from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $24.00 to $25.00 in a research report on Monday, September 30th. Finally, Raymond James reduced 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 report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.60.

Amerant Bancorp Trading Up 1.1 %

NASDAQ:AMTB traded up $0.22 during midday trading on Friday, reaching $20.88. 225,920 shares of the stock traded hands, compared to its average volume of 125,890. The company has a fifty day moving average of $20.99 and a 200 day moving average of $21.79. Amerant Bancorp has a 12 month low of $17.39 and a 12 month high of $27.00. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.97. The stock has a market capitalization of $698.02 million, a P/E ratio of 33.74 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. Amerant Bancorp had a net margin of 3.15% and a return on equity of 7.78%. The company had revenue of ($999.00) million during the quarter, compared to analyst estimates of $99.39 million. During the same period in the prior year, the business posted $0.64 EPS. On average, research analysts predict that Amerant Bancorp will post 1.15 EPS for the current year.

Institutional Investors Weigh In On Amerant Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Amerant Bancorp by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company's stock worth $19,621,000 after acquiring an additional 72,028 shares in the last quarter. Vanguard Group Inc. increased its holdings in Amerant Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company's stock worth $37,710,000 after acquiring an additional 10,835 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Amerant Bancorp in the 2nd quarter worth approximately $250,000. Squarepoint Ops LLC purchased a new stake in Amerant Bancorp in the 2nd quarter worth approximately $281,000. Finally, SG Americas Securities LLC increased its holdings in Amerant Bancorp by 77.7% in the 3rd quarter. SG Americas Securities LLC now owns 15,590 shares of the company's stock worth $333,000 after acquiring an additional 6,817 shares in the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

About Amerant Bancorp

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.