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

Amerant Bancorp (NASDAQ:AMTB) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $25.00 to $27.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 16.33% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Raymond James decreased 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. Stephens reissued an “overweight” rating and set a $29.00 price target on shares of Amerant Bancorp in a research report on Thursday. Finally, Piper Sandler lifted their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Amerant Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Amerant Bancorp Stock Down 1.1 %

Shares of NASDAQ:AMTB opened at $23.21 on Monday. The company has a market capitalization of $977.37 million, a price-to-earnings ratio of -40.72 and a beta of 1.03. Amerant Bancorp has a 12-month low of $18.54 and a 12-month high of $27.00. The business has a 50-day moving average price of $23.32 and a 200 day moving average price of $22.29. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Institutional Trading of Amerant Bancorp

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Amerant Bancorp by 74.1% during the 3rd quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock worth $120,585,000 after buying an additional 2,401,027 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Amerant Bancorp by 9.1% during 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. State Street Corp lifted its stake in Amerant Bancorp by 8.2% during the third quarter. State Street Corp now owns 807,835 shares of the company’s stock worth $17,263,000 after purchasing an additional 61,056 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Amerant Bancorp by 13.6% in the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock valued at $15,697,000 after purchasing an additional 87,696 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new position in Amerant Bancorp in the third quarter valued at approximately $13,613,000. 42.11% of the stock is currently 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.