Stephens Reaffirms “Overweight” Rating for Amerant Bancorp (NASDAQ:AMTB)

Amerant Bancorp (NASDAQ:AMTB)‘s stock had its “overweight” rating reiterated by equities researchers at Stephens in a report released on Friday,Benzinga reports. They presently have a $29.00 price objective on the stock. Stephens’ price target suggests a potential upside of 33.15% from the company’s previous close.

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

Amerant Bancorp Stock Up 1.0 %

AMTB stock opened at $21.78 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market capitalization of $917.11 million, a P/E ratio of -14.72 and a beta of 1.01. Amerant Bancorp has a fifty-two week low of $18.54 and a fifty-two week high of $27.00. The business has a 50-day moving average of $23.62 and a 200-day moving average of $22.30.

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

Hedge Funds Weigh In On Amerant Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of Amerant Bancorp by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock valued at $497,000 after buying an additional 1,705 shares during the last quarter. Barclays PLC raised its stake in Amerant Bancorp by 121.2% in the 3rd quarter. Barclays PLC now owns 67,916 shares of the company’s stock valued at $1,452,000 after acquiring an additional 37,208 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Amerant Bancorp during the 3rd quarter valued at $2,658,000. Geode Capital Management LLC boosted its position in Amerant Bancorp by 13.6% during the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock worth $15,697,000 after purchasing an additional 87,696 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Amerant Bancorp by 74.1% in 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 last quarter. 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.