Raymond James Cuts Amerant Bancorp (NASDAQ:AMTB) Price Target to $25.00

Amerant Bancorp (NASDAQ:AMTB) had its price objective trimmed by Raymond James from $27.00 to $25.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently weighed in on the company. Stephens raised Amerant Bancorp from an equal weight rating to an overweight rating and boosted their price objective for the stock from $24.00 to $25.00 in a report on Monday, September 30th. Piper Sandler upgraded Amerant Bancorp from a neutral rating to an overweight rating and raised their target price for the stock from $26.00 to $26.50 in a report on Monday, September 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Amerant Bancorp from $26.00 to $24.00 and set a market perform rating for the company in a report on Monday, July 29th. Finally, Janney Montgomery Scott lowered shares of Amerant Bancorp from a buy rating to a neutral rating and set a $25.00 price target for the company. in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $25.10.

Amerant Bancorp Price Performance

NASDAQ:AMTB opened at $20.43 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. The firm has a market cap of $688.82 million, a PE ratio of 30.04 and a beta of 0.99. Amerant Bancorp has a 12 month low of $16.63 and a 12 month high of $27.00. The company’s 50-day moving average price is $20.93 and its two-hundred day moving average price is $22.00.

Amerant Bancorp (NASDAQ:AMTB) last announced its earnings results on Wednesday, July 24th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). The company had revenue of $98.78 million for the quarter, compared to analyst estimates of $93.19 million. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, equities analysts anticipate that Amerant Bancorp will post 1.33 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Thursday, August 15th. Amerant Bancorp’s dividend payout ratio (DPR) is presently 52.94%.

Institutional Investors Weigh In On Amerant Bancorp

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Amerant Bancorp by 9.4% during the 4th quarter. Wellington Management Group LLP now owns 3,113,483 shares of the company’s stock worth $76,498,000 after buying an additional 267,466 shares during the last quarter. Vanguard Group Inc. raised its stake in Amerant Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company’s stock valued at $37,710,000 after buying an additional 10,835 shares during the period. Dimensional Fund Advisors LP raised its stake in Amerant Bancorp by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock valued at $19,621,000 after acquiring an additional 72,028 shares during the period. SG Americas Securities LLC bought a new position in Amerant Bancorp during the second quarter worth $199,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Amerant Bancorp by 89.8% in the first quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company’s stock valued at $308,000 after purchasing an additional 6,261 shares during the last quarter. Institutional investors own 42.11% of the company’s stock.

About Amerant Bancorp

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.