Shares of Amerant Bancorp Inc. (NYSE:AMTB – Get Free Report) have received an average recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.6667.
AMTB has been the subject of a number of research analyst reports. Weiss Ratings raised Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th.
Amerant Bancorp Stock Up 1.1%
Amerant Bancorp (NYSE:AMTB – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%.The firm had revenue of $177.94 million during the quarter, compared to analysts’ expectations of $102.56 million. As a group, equities analysts expect that Amerant Bancorp will post 1.76 earnings per share for the current year.
Amerant Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. Amerant Bancorp’s dividend payout ratio is currently 25.53%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Guerra Advisors Inc acquired a new position in shares of Amerant Bancorp during the third quarter worth about $32,000. Royal Bank of Canada boosted its position in shares of Amerant Bancorp by 149.2% during the first quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock worth $56,000 after buying an additional 1,511 shares during the period. State of Wyoming acquired a new position in shares of Amerant Bancorp during the fourth quarter worth about $78,000. Tower Research Capital LLC TRC boosted its position in shares of Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after buying an additional 526 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Amerant Bancorp during the second quarter worth about $129,000. 42.11% of the stock is owned by institutional investors and hedge funds.
About Amerant Bancorp
Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.
Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.
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