Amerant Bancorp Inc. (NYSE:AMTB) Given Average Rating of “Hold” by Analysts

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.6667.

A number of research firms have weighed in on AMTB. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Zacks Research downgraded Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMTB. AQR Capital Management LLC grew its stake in shares of Amerant Bancorp by 83.0% during the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock valued at $466,000 after buying an additional 10,249 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amerant Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock valued at $454,000 after buying an additional 963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Amerant Bancorp by 6.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company’s stock valued at $1,898,000 after buying an additional 5,434 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Amerant Bancorp by 1.8% during the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock valued at $653,000 after buying an additional 617 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Amerant Bancorp during the second quarter valued at about $275,000. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Trading Down 0.0%

Shares of AMTB stock opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $24.38. The company has a market capitalization of $928.46 million, a PE ratio of 16.73 and a beta of 0.90. The business’s fifty day moving average is $23.07 and its 200 day moving average is $21.85.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%.The business had revenue of $177.94 million for the quarter, compared to the consensus estimate of $102.56 million. On average, equities research analysts anticipate that Amerant Bancorp will post 1.79 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. Amerant Bancorp’s dividend payout ratio (DPR) is 25.53%.

About Amerant Bancorp

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.