Amerant Bancorp (NYSE:AMTB) Rating Increased to Buy at Wall Street Zen

Amerant Bancorp (NYSE:AMTB) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other analysts have also recently issued reports on AMTB. Raymond James Financial raised Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Amerant Bancorp Price Performance

AMTB traded down $0.98 on Friday, reaching $21.23. 478,866 shares of the company traded hands, compared to its average volume of 221,312. The stock has a market cap of $876.16 million, a P/E ratio of 16.98 and a beta of 1.03. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $19.78. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $24.30.

Amerant Bancorp (NYSE:AMTB) last released its earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $112.17 million during the quarter. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.81%.

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.