Mercantil Bank (AMTB) Coverage Initiated by Analysts at Stephens

Equities researchers at Stephens assumed coverage on shares of Mercantil Bank (NASDAQ:AMTB) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set an “equal weight” rating on the stock.

Separately, Keefe, Bruyette & Woods began coverage on Mercantil Bank in a research note on Sunday. They set an “outperform” rating on the stock.

NASDAQ AMTB opened at $13.99 on Monday. Mercantil Bank has a fifty-two week low of $10.65 and a fifty-two week high of $259.23.

In related news, major shareholder Servicios Financiero Mercantil sold 4,922,477 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $13.00, for a total value of $63,992,201.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About Mercantil Bank

Mercantil Bank Holding Corporation operates as a bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and deposit, credit, and wealth management services international clients. The company operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional.

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