Amerant Bancorp (NASDAQ:AMTB) Posts Earnings Results, Beats Expectations By $0.01 EPS

Amerant Bancorp (NASDAQ:AMTB) announced its earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01, Yahoo Finance reports. Amerant Bancorp had a return on equity of 1.85% and a net margin of 2.97%.

AMTB opened at $22.06 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.49. The company has a 50 day simple moving average of $22.20. The firm has a market cap of $838.94 million, a PE ratio of 88.24 and a beta of 1.03. Amerant Bancorp has a 12 month low of $9.01 and a 12 month high of $24.40.

A number of analysts recently issued reports on the company. Truist upped their target price on Amerant Bancorp from $18.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, May 17th. They noted that the move was a valuation call. Stephens assumed coverage on Amerant Bancorp in a research report on Wednesday, June 2nd. They set an “equal weight” rating and a $25.50 price objective for the company. Keefe, Bruyette & Woods raised Amerant Bancorp from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $21.00 to $24.00 in a research report on Friday, April 30th. Raymond James raised Amerant Bancorp from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Friday, May 14th. Finally, Janney Montgomery Scott raised Amerant Bancorp from a “neutral” rating to a “buy” rating and set a $23.50 price objective for the company in a research report on Monday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Amerant Bancorp has a consensus rating of “Hold” and an average price target of $21.38.

In other Amerant Bancorp news, insider Miguel Palacios purchased 2,000 shares of Amerant Bancorp stock in a transaction dated Monday, May 3rd. The stock was acquired at an average cost of $19.45 per share, with a total value of $38,900.00. Following the acquisition, the insider now directly owns 80,150 shares of the company’s stock, valued at $1,558,917.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

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. The company offers a range of checking and savings accounts, certificates of deposit, and money market accounts.

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Earnings History for Amerant Bancorp (NASDAQ:AMTB)

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