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

Stephens reaffirmed their overweight rating on shares of Amerant Bancorp (NASDAQ:AMTB) in a research report report published on Thursday morning,Benzinga reports. They currently have a $29.00 price target on the stock.

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

Amerant Bancorp Stock Down 1.1 %

Shares of NASDAQ AMTB opened at $23.21 on Thursday. Amerant Bancorp has a 52-week low of $18.54 and a 52-week high of $27.00. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The stock has a market cap of $977.37 million, a P/E ratio of -40.72 and a beta of 1.03. The firm has a 50 day moving average price of $23.32 and a 200 day moving average price of $22.30.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of ($999.00) million during the quarter, compared to analyst estimates of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 6.36%. During the same quarter in the previous year, the business earned $0.64 EPS. Analysts expect that Amerant Bancorp will post 2.06 EPS for the current year.

Amerant Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, February 14th. Amerant Bancorp’s dividend payout ratio is presently -63.16%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of Amerant Bancorp by 7.6% during the 3rd quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after buying an additional 850 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Amerant Bancorp by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock valued at $497,000 after purchasing an additional 1,705 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Amerant Bancorp by 23.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock valued at $272,000 after purchasing an additional 2,316 shares in the last quarter. US Bancorp DE increased its position in shares of Amerant Bancorp by 655.8% during the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company’s stock worth $69,000 after purchasing an additional 2,787 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Amerant Bancorp during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds 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.