Amerant Bancorp (NYSE:AMTB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amerant Bancorp (NYSE:AMTB) from a hold rating to a buy rating in a report issued on Saturday.

A number of other equities research analysts have also weighed in on AMTB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Raymond James Financial upgraded Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 29th. Finally, Zacks Research lowered shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Amerant Bancorp has a consensus rating of “Hold”.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $21.56 on Friday. 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 stock has a market cap of $889.78 million, a price-to-earnings ratio of 17.25 and a beta of 1.02. The firm has a 50-day moving average of $21.18 and a two-hundred day moving average of $19.93. Amerant Bancorp has a 1 year low of $15.62 and a 1 year high of $23.55.

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

Amerant Bancorp Company Profile

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.