Amerant Bancorp Inc. (NASDAQ:AMTB) – Analysts at Truist Financial lowered their first quarter 2022 earnings per share (EPS) estimates for Amerant Bancorp in a note to investors on Monday, January 24. Truist Financial analyst Young now expects the company to earn $0.35 per share for the quarter, down from its previous estimate of $0.42. Truist Financial also released Amerant Bancorp’s Q2 2022 earnings estimates at $0.46 EPS.
A number of other equity research analysts have also recently commented on the stock. Stephens upgraded shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating in a Monday, Nov. 8, report. Raymond James raised his price target on Amerant Bancorp shares from $34.00 to $38.00 and gave the stock an “outperform” rating in a Friday, January 21 report. Finally, Zacks Investment Research upgraded shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating and set a price target of $40.00 for the company in a Tuesday, Jan. 4, report. One research analyst rated the stock with a hold rating, five gave the company a buy rating, and one gave the company a strong buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $30.86.
NASDAQ: AMTB opened at $34.94 on Wednesday. The company has a debt ratio of 1.15, a current ratio of 0.99 and a quick ratio of 0.95. The company’s 50-day simple moving average is $32.73. Amerant Bancorp has a 12-month low of $13.63 and a 12-month high of $36.72. The stock has a market capitalization of $1.31 billion, a P/E ratio of 24.10 and a beta of 1.10. Amerant Bancorp Inc (NASDAQ:AMTB) last reported results on Wednesday, January 19. The company reported earnings per share of $0.52 for the quarter, beating Thomson Reuters consensus estimate of $0.40 by $0.12. Amerant Bancorp had a net margin of 18.58% and a return on equity of 7.88%. In the same quarter a year earlier, the company posted earnings per share of $0.27.
A number of institutional investors and hedge funds have been buying and selling stocks recently. The California State Teachers Retirement System increased its holdings in Amerant Bancorp 2.2% in the third quarter. California State Teachers Retirement System now owns 29,486 shares of the company valued at $729,000 after acquiring 639 additional shares in the last quarter. Royal Bank of Canada increased its stake in Amerant Bancorp by 10.5% during the third quarter. Royal Bank of Canada now owns 11,189 shares of the company valued at $276,000 after buying an additional 1,060 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Amerant Bancorp by 9.7% during the second quarter. Goldman Sachs Group Inc. now owns 14,339 shares of the company valued at $307,000 after buying an additional 1,266 shares in the last quarter. Citigroup Inc. increased its stake in Amerant Bancorp to 93.1% during the third quarter. Citigroup Inc. now owns 2,699 shares of the company valued at $67,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Amerant Bancorp by 7.4% during the third quarter. Invesco Ltd. now owns 22,433 shares of the company valued at $556,000 after purchasing an additional 1,538 shares in the last quarter. 31.13% of the shares are currently held by hedge funds and other institutional investors.
Separately, director A. Gustavo J. Vollmer sold 2,630 shares of the company in a transaction on Monday, December 13. The shares were sold at an average price of $29.93, for a total transaction of $78,715.90. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Also, director Millar Wilson sold 30,769 shares of the company in a trade on Wednesday, November 17. The stock was sold at an average price of $29.97, for a total transaction of $922,146.93. Disclosure of this sale can be found here. Insiders hold 17.15% of the shares of the company.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 28. Shareholders of record on Friday, February 11 will receive a dividend of $0.09 per share. The ex-dividend date is Thursday, February 10. This represents a dividend of $0.36 on an annualized basis and a yield of 1.03%. Amerant Bancorp’s dividend payout ratio (DPR) is 4.14%.
About Amerant Bancorp
Amerant Bancorp, Inc. operates as a bank holding company, which provides personal and corporate banking products and services in the United States and abroad. The company offers a range of checking and savings accounts, certificates of deposit and money market accounts. It also offers variable and fixed rate commercial real estate loans, loans secured by owner-occupied properties, loans to domestic and foreign individuals primarily secured by personal residence, working capital loans, loan backed by assets, interests in national credit shares, purchased receivables, and small business administration loans, financial institution loans and acceptances, and consumer loans and overdrafts, such as automobile loans, personal loans or loans secured by cash or securities and revolving credit card agreements.
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