Amerant Bancorp (NYSE:AMTB) Rating Lowered to Hold at Wall Street Zen

Amerant Bancorp (NYSE:AMTB) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

AMTB has been the topic of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. Zacks Research cut shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Amerant Bancorp Stock Performance

Shares of AMTB opened at $21.58 on Friday. The company has a market cap of $890.61 million, a price-to-earnings ratio of 17.26 and a beta of 1.02. The business’s fifty day simple moving average is $21.29 and its two-hundred day simple moving average is $20.00. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $23.55. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.The firm had revenue of $230.71 million for the quarter.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.