Mercantil Bank Holding Corp (NASDAQ:AMTB) – Investment analysts at SunTrust Banks dropped their FY2019 EPS estimates for Mercantil Bank in a research note issued to investors on Monday, November 4th. SunTrust Banks analyst M. Young now expects that the company will post earnings of $1.20 per share for the year, down from their previous estimate of $1.37. SunTrust Banks also issued estimates for Mercantil Bank’s Q4 2019 earnings at $0.22 EPS, Q4 2020 earnings at $0.33 EPS and FY2020 earnings at $1.08 EPS.
Mercantil Bank (NASDAQ:AMTB) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $66.44 million during the quarter, compared to the consensus estimate of $67.36 million. Mercantil Bank had a return on equity of 7.93% and a net margin of 13.91%.
AMTB has been the subject of several other reports. Stephens reissued a “hold” rating and issued a $19.00 price objective on shares of Mercantil Bank in a research note on Thursday, August 8th. Zacks Investment Research downgraded Mercantil Bank from a “hold” rating to a “strong sell” rating in a research note on Wednesday. ValuEngine raised Mercantil Bank from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Raymond James downgraded Mercantil Bank from an “outperform” rating to a “market perform” rating and set a $19.00 price objective for the company. in a research note on Friday, September 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.98.
Shares of Mercantil Bank stock opened at $21.33 on Wednesday. The company has a market cap of $875.72 million and a PE ratio of 15.68. Mercantil Bank has a 52 week low of $10.65 and a 52 week high of $21.88. The business has a 50 day moving average price of $19.73 and a 200-day moving average price of $18.41. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.54.
Several hedge funds have recently added to or reduced their stakes in AMTB. BlackRock Inc. bought a new position in shares of Mercantil Bank in the second quarter valued at approximately $18,866,000. Vanguard Group Inc. bought a new position in shares of Mercantil Bank in the second quarter valued at approximately $5,359,000. Bank of New York Mellon Corp bought a new position in shares of Mercantil Bank in the second quarter valued at approximately $996,000. Charles Schwab Investment Management Inc. bought a new position in shares of Mercantil Bank in the second quarter valued at approximately $794,000. Finally, Wells Fargo & Company MN bought a new position in shares of Mercantil Bank in the second quarter valued at approximately $654,000. 13.85% of the stock is owned by institutional investors.
Mercantil Bank Company Profile
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 internationally. The company operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional.
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