Amerant Bancorp Inc. (NASDAQ: AMTB) has been given a consensus rating of “Buy” from the nine rating companies that currently cover the company, reports Marketbeat Ratings. Four equity research analysts rated the stock with a keep recommendation and four gave the company a buy recommendation. The 12-month average price target among analysts who published a report on the stock in the past year is $ 26.29.
AMTB has been the subject of a number of recent research reports. Piper Sandler Downgraded Amerant Bancorp Stock From “Neutral” To “Overweight” Rating And Raised Its Stock Price Target From $ 23.00 To $ 30.00 In Research Report published on Monday, August 30. Raymond James raised his price target on the Amerant Bancorp stock from $ 30.00 to $ 31.00 and assigned the stock an “outperformance” rating in a research report on Friday, October 22. TheStreet downgraded Amerant Bancorp’s shares from a “c” rating to a “b-” rating in a research note on Monday, August 30. Ultimately, Zacks investment research downgraded Amerant Bancorp shares from a “buy” rating to a “conservation” rating in a research note on Wednesday, October 6.
Institutional investors have recently increased or reduced their holdings in the stock. Public Employees Retirement System of Ohio acquired a new stake in Amerant Bancorp in the 1st quarter valued at $ 59,000. Russell Investments Group Ltd. increased its stake in Amerant Bancorp by 208.1% in the second quarter. Russell Investments Group Ltd. now owns 3,940 shares of the company valued at $ 83,000 after acquiring 2,661 additional shares during the period. Marshall Wace LLP acquired a new stake in Amerant Bancorp in the 1st quarter valued at $ 87,000. Metropolitan Life Insurance Co NY increased its stake in Amerant Bancorp by 99,837.5% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 7,995 shares of the company valued at $ 171,000 after acquiring an additional 7,987 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Amerant Bancorp in the third quarter for a value of $ 230,000. 29.17% of the shares are currently held by hedge funds and other institutional investors.
Amerant Bancorp shares opened at $ 27.18 on Friday. Amerant Bancorp has a 52 week low of $ 10.25 and a 52 week high of $ 28.22. The company has a quick ratio of 1.00, a current ratio of 0.99, and a debt ratio of 1.15. The company has a market cap of $ 1.02 billion, a P / E ratio of 18.74 and a beta of 1.07. The company has a 50-day moving average price of $ 25.40 and a 200-day moving average price of $ 22.92.
Amerant Bancorp (NASDAQ: AMTB) last released its quarterly results on Tuesday, October 19. The company reported earnings per share (EPS) of $ 0.45 for the quarter, beating analyst consensus estimates of $ 0.39 by $ 0.06. Amerant Bancorp had a net margin of 18.58% and a return on equity of 7.88%. The company posted revenue of $ 65.26 million in the quarter, compared to $ 61.42 million according to analysts’ estimates. During the same period last year, the company posted $ 0.08 in EPS. As a group, research analysts expect Amerant Bancorp to post earnings per share of 1.72 for the current fiscal year.
Amerant Bancorp Company Profile
Amerant Bancorp, Inc. operates as a banking holding company, which provides banking products and services to individuals and businesses in the United States and around the world. The company offers a range of checking and savings accounts, certificates of deposit and money market accounts. It also provides variable and fixed rate commercial real estate loans, loans guaranteed by owner occupied properties, domestic and foreign personal loans mainly secured by personal residence, working capital loans, loans on assets, stakes in shared national credits, purchased receivables, and small business administration loans, loans to financial institutions and acceptances, and consumer loans and overdrafts, such as auto loans, loans personal or loans secured by cash or securities and revolving credit card agreements.
Read more: What does RSI mean?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Amerant Bancorp now?
Before you consider Amerant Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and Amerant Bancorp was not on the list.
While Amerant Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here