Amerant Bancorp (NYSE:AMTB) Lowered to “Strong Sell” Rating by Zacks Research

Amerant Bancorp (NYSE:AMTB) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Raymond James Financial raised shares of Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Amerant Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Amerant Bancorp Stock Up 0.3%

AMTB opened at $20.91 on Tuesday. Amerant Bancorp has a 52 week low of $15.62 and a 52 week high of $24.30. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50-day moving average is $20.00. The company has a market cap of $862.96 million, a P/E ratio of 16.73 and a beta of 1.03.

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

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.