Amerant Bancorp (NYSE:AMTB) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Amerant Bancorp (NYSE:AMTB) from a buy rating to a hold rating in a report published on Sunday.

Several other research firms have also recently weighed in on AMTB. Weiss Ratings reiterated a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Amerant Bancorp presently has an average rating of “Hold”.

Amerant Bancorp Price Performance

AMTB stock opened at $21.58 on Friday. Amerant Bancorp has a one year low of $15.62 and a one year high of $23.55. The firm has a 50-day moving average of $21.29 and a two-hundred day moving average of $19.99. The firm has a market capitalization of $890.61 million, a PE ratio of 17.26 and a beta of 1.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98.

Amerant Bancorp (NYSE:AMTB) last released its earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.81%. The business had revenue of $230.71 million for the quarter.

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.