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

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

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods increased their price target on shares of Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James reduced their target price on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Piper Sandler lifted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.20.

Amerant Bancorp Trading Up 1.0 %

Shares of AMTB stock opened at $21.78 on Friday. The company has a market capitalization of $917.11 million, a PE ratio of -14.72 and a beta of 1.01. Amerant Bancorp has a 52-week low of $18.54 and a 52-week high of $27.00. The business’s fifty day moving average is $23.62 and its 200 day moving average is $22.31. 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 (NASDAQ:AMTB) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of ($999.00) million during the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.64 EPS. On average, equities research analysts anticipate that Amerant Bancorp will post 1.22 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, November 14th. Amerant Bancorp’s dividend payout ratio is presently -24.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Amerant Bancorp by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock valued at $15,697,000 after acquiring an additional 87,696 shares during the period. Barclays PLC lifted its position in Amerant Bancorp by 121.2% in the third quarter. Barclays PLC now owns 67,916 shares of the company’s stock valued at $1,452,000 after purchasing an additional 37,208 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Amerant Bancorp during the third quarter valued at approximately $2,658,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Amerant Bancorp by 21.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company’s stock worth $5,790,000 after purchasing an additional 47,882 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Amerant Bancorp by 8.2% in the third quarter. State Street Corp now owns 807,835 shares of the company’s stock worth $17,263,000 after buying an additional 61,056 shares during the period. 42.11% of the stock is owned by institutional investors.

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.