Shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $20.27, but opened at $21.26. Amerant Bancorp shares last traded at $20.57, with a volume of 4,549 shares trading hands.
Wall Street Analyst Weigh In
AMTB has been the topic of several analyst reports. Raymond James dropped their target price on Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. Stephens upgraded shares of Amerant Bancorp from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $24.00 to $25.00 in a research note on Monday, September 30th. Piper Sandler raised shares of Amerant Bancorp from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $26.00 to $26.50 in a research note on Monday, September 30th. Janney Montgomery Scott downgraded Amerant Bancorp from a "buy" rating to a "neutral" rating and set a $25.00 target price for the company. in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods cut their price target on Amerant Bancorp from $26.00 to $24.00 and set a "market perform" rating on the stock in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Amerant Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $25.10.
Check Out Our Latest Analysis on AMTB
Amerant Bancorp Stock Up 1.9 %
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 firm has a market cap of $696.57 million, a P/E ratio of 30.56 and a beta of 0.99. The firm's 50-day moving average price is $20.98 and its 200 day moving average price is $21.80.
Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.07). The firm had revenue of $98.78 million during the quarter, compared to analyst estimates of $93.19 million. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. During the same quarter in the previous year, the business posted $0.24 EPS. On average, equities research analysts expect that Amerant Bancorp Inc. will post 1.15 earnings per share for the current fiscal year.
Amerant Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.74%. Amerant Bancorp's payout ratio is currently 52.94%.
Institutional Investors Weigh In On Amerant Bancorp
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Amerant Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company's stock valued at $37,710,000 after acquiring an additional 10,835 shares during the period. Dimensional Fund Advisors LP boosted its position in Amerant Bancorp by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company's stock valued at $19,621,000 after purchasing an additional 72,028 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Amerant Bancorp during the 3rd quarter worth $6,945,000. Bank of New York Mellon Corp lifted its stake in Amerant Bancorp by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 156,190 shares of the company's stock valued at $3,546,000 after buying an additional 21,318 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Amerant Bancorp by 10.9% during the second quarter. Rhumbline Advisers now owns 46,973 shares of the company's stock valued at $1,066,000 after acquiring an additional 4,622 shares during the period. Institutional investors own 42.11% of the company's stock.
Amerant Bancorp Company Profile
(
Get Free Report)
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.
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