Shares of Amerant Bancorp Inc. (NYSE:AMTB – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.75.
A number of research analysts recently issued reports on AMTB shares. Keefe, Bruyette & Woods raised their price target 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. Weiss Ratings lowered shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Wall Street Zen upgraded shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Stephens cut shares of Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd.
View Our Latest Stock Analysis on AMTB
Amerant Bancorp Trading Down 0.9%
Amerant Bancorp (NYSE:AMTB – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. The company had revenue of $183.31 million during the quarter, compared to the consensus estimate of $98.64 million. On average, sell-side analysts expect that Amerant Bancorp will post 2.22 earnings per share for the current fiscal year.
Amerant Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 14th. Amerant Bancorp’s payout ratio is 25.90%.
Institutional Trading of Amerant Bancorp
Hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Amerant Bancorp in the second quarter valued at approximately $215,000. Squarepoint Ops LLC acquired a new stake in shares of Amerant Bancorp during the second quarter worth $633,000. Nykredit A S acquired a new stake in shares of Amerant Bancorp during the second quarter worth $29,000. California State Teachers Retirement System grew its position in Amerant Bancorp by 2,395.7% in the 2nd quarter. California State Teachers Retirement System now owns 856,757 shares of the company’s stock valued at $21,864,000 after buying an additional 822,428 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Amerant Bancorp by 110.8% in the 1st quarter. Janus Henderson Group PLC now owns 22,637 shares of the company’s stock valued at $499,000 after buying an additional 11,900 shares during the last quarter. 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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