Amerant Bancorp’s (AMTB) “Overweight” Rating Reiterated at Stephens

Amerant Bancorp (NASDAQ:AMTB)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report issued on Friday,Benzinga reports. They currently have a $29.00 target price on the stock. Stephens’ price objective would suggest a potential upside of 34.51% from the stock’s current price.

A number of other research firms have also weighed in on AMTB. Piper Sandler raised their target price on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods lifted their price objective on Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James decreased their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.20.

Amerant Bancorp Stock Down 3.8 %

AMTB stock opened at $21.56 on Friday. The firm has a 50-day moving average price of $23.61 and a 200-day moving average price of $22.30. The stock has a market capitalization of $907.85 million, a P/E ratio of -14.57 and a beta of 1.01. Amerant Bancorp has a 12 month low of $18.54 and a 12 month high of $27.00. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, equities research analysts anticipate that Amerant Bancorp will post 1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in Amerant Bancorp by 74.1% during the third quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock valued at $120,585,000 after purchasing an additional 2,401,027 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Amerant Bancorp by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock worth $19,621,000 after buying an additional 72,028 shares in the last quarter. State Street Corp increased its position in Amerant Bancorp by 8.2% during the 3rd quarter. State Street Corp now owns 807,835 shares of the company’s stock valued at $17,263,000 after purchasing an additional 61,056 shares during the period. Geode Capital Management LLC raised its stake in Amerant Bancorp by 13.6% in the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock worth $15,697,000 after buying an additional 87,696 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Amerant Bancorp during the 3rd quarter worth $13,613,000. Institutional investors own 42.11% of the company’s stock.

About Amerant Bancorp

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.