Amerant Bancorp Inc. (NYSE:AMTB) Stock Has Average Target Price of $27.75

Amerant Bancorp Inc. (NYSE:AMTB) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $27.75.

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Zacks Research lowered Amerant Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 24th. Keefe, Bruyette & Woods upped their price objective on Amerant Bancorp from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Finally, Stephens lowered Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 target price on the stock. in a research report on Wednesday, August 12th.

Amerant Bancorp Price Performance

AMTB opened at $29.56 on Monday. The company has a 50-day moving average of $29.21 and a 200-day moving average of $25.50. The company has a market capitalization of $1.16 billion, a P/E ratio of 21.27 and a beta of 0.82. Amerant Bancorp has a 1-year low of $15.62 and a 1-year high of $30.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.84 and a current ratio of 0.86.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $183.31 million during the quarter, compared to the consensus estimate of $98.64 million. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%. Equities analysts expect that Amerant Bancorp will post 2.2 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Amerant Bancorp’s payout ratio is presently 25.90%.

Hedge Funds Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMTB. Principal Financial Group Inc. acquired a new position in Amerant Bancorp during the 1st quarter worth $1,214,000. North Reef Capital Management LP acquired a new position in shares of Amerant Bancorp during the first quarter valued at $25,577,000. Sei Investments Co. increased its holdings in shares of Amerant Bancorp by 25.2% during the first quarter. Sei Investments Co. now owns 198,326 shares of the company’s stock valued at $4,371,000 after purchasing an additional 39,971 shares during the period. Quantinno Capital Management LP raised its stake in shares of Amerant Bancorp by 45.3% during the first quarter. Quantinno Capital Management LP now owns 55,210 shares of the company’s stock valued at $1,217,000 after purchasing an additional 17,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Amerant Bancorp by 10.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company’s stock valued at $30,611,000 after purchasing an additional 133,050 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Company Profile

Amerant Bancorp Inc is a bank holding company headquartered in Coral Gables, Florida. Its principal subsidiary, Amerant Bank, N.A., provides banking and financial services to individuals, businesses and institutions.

Amerant Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury management and other cash-management services. The bank also provides wealth management and investment-related services for eligible customers.

The company primarily serves customers in Florida and Texas, with a significant presence in South Florida and additional operations in the Tampa Bay and Houston areas.