Amerant Bancorp (NYSE:AMTB) Announces Earnings Results, Beats Expectations By $0.10 EPS

Amerant Bancorp (NYSE:AMTB) announced its earnings results on Thursday. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10, FiscalAI reports. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.The firm had revenue of $112.17 million for the quarter.

Amerant Bancorp Price Performance

Shares of AMTB stock opened at $21.23 on Friday. The business’s 50-day moving average is $19.78. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 0.92. Amerant Bancorp has a 1-year low of $15.62 and a 1-year high of $24.30. The stock has a market cap of $876.16 million, a price-to-earnings ratio of 16.98 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMTB. Wall Street Zen upgraded shares of Amerant Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Finally, Raymond James Financial upgraded shares of Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.