Keefe, Bruyette & Woods Raises Amerant Bancorp (NASDAQ:AMTB) Price Target to $23.00

Amerant Bancorp (NASDAQ:AMTB) had its target price upped by research analysts at Keefe, Bruyette & Woods from $21.00 to $23.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.02% from the company’s current price.

A number of other research firms have also issued reports on AMTB. Raymond James Financial increased their target price on Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Piper Sandler increased their price objective on Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Amerant Bancorp Stock Performance

Amerant Bancorp stock opened at $21.69 on Wednesday. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $24.30. The firm’s 50 day simple moving average is $20.09 and its 200-day simple moving average is $19.58. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The company has a market cap of $895.22 million, a P/E ratio of -38.06 and a beta of 1.03.

Insider Transactions at Amerant Bancorp

In other news, Director Odilon Almeida bought 4,816 shares of the stock in a transaction on Tuesday, January 27th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the purchase, the director directly owned 5,316 shares of the company’s stock, valued at $111,582.84. This trade represents a 963.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Amerant Bancorp

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Amerant Bancorp by 0.3% during the third quarter. Wellington Management Group LLP now owns 5,732,375 shares of the company’s stock valued at $110,463,000 after acquiring an additional 19,426 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amerant Bancorp by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock valued at $47,311,000 after purchasing an additional 206,874 shares in the last quarter. Patriot Financial Partners GP II L.P. bought a new position in shares of Amerant Bancorp during the 3rd quarter valued at $44,621,000. Dimensional Fund Advisors LP lifted its stake in shares of Amerant Bancorp by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,335,719 shares of the company’s stock valued at $25,740,000 after purchasing an additional 25,149 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Amerant Bancorp by 0.3% in the second quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock worth $15,602,000 after purchasing an additional 2,929 shares in the last quarter. Institutional investors own 42.11% of the company’s stock.

About Amerant Bancorp

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.