Amerant Bancorp (NASDAQ:AMTB) PT Raised to $29.00

Amerant Bancorp (NASDAQ:AMTB) had its price objective upped by research analysts at Piper Sandler from $26.50 to $29.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 40.91% from the company’s current price.

A number of other research analysts have also weighed in on AMTB. Keefe, Bruyette & Woods decreased their target price on Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a report on Monday, July 29th. 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 report on Wednesday, October 2nd. Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $24.00 to $25.00 in a report on Monday, September 30th. Finally, Janney Montgomery Scott downgraded Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.60.

Amerant Bancorp Stock Performance

NASDAQ AMTB traded down $0.08 on Friday, hitting $20.58. 26,306 shares of the stock were exchanged, compared to its average volume of 124,926. The business’s fifty day moving average is $20.99 and its 200 day moving average is $21.79. Amerant Bancorp has a 52 week low of $17.39 and a 52 week high of $27.00. The company has a market capitalization of $687.99 million, a PE ratio of 33.74 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.89.

Amerant Bancorp (NASDAQ:AMTB) last issued its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a net margin of 3.15% and a return on equity of 7.78%. The company had revenue of ($999.00) million for the quarter, compared to analysts’ expectations of $99.39 million. During the same period in the prior year, the firm earned $0.64 EPS. Research analysts anticipate that Amerant Bancorp will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Amerant Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of AMTB. Allspring Global Investments Holdings LLC bought a new position in Amerant Bancorp in the third quarter valued at about $6,945,000. Creative Planning increased its stake in shares of Amerant Bancorp by 7.6% in the third quarter. Creative Planning now owns 11,974 shares of the company’s stock valued at $256,000 after buying an additional 850 shares during the period. SG Americas Securities LLC raised its holdings in Amerant Bancorp by 77.7% in the 3rd quarter. SG Americas Securities LLC now owns 15,590 shares of the company’s stock valued at $333,000 after buying an additional 6,817 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Amerant Bancorp by 23.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock worth $272,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Amerant Bancorp in the 2nd quarter valued at approximately $281,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

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.