Amerant Bancorp (NASDAQ:AMTB) Shares Gap Up – What’s Next?

Amerant Bancorp Inc. (NASDAQ:AMTB) gapped up prior to trading on Thursday . The stock had previously closed at $20.27, but opened at $21.26. Amerant Bancorp shares last traded at $20.57, with a volume of 4,549 shares.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price 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. Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $24.00 to $25.00 in a report on Monday, September 30th. Piper Sandler upgraded shares of Amerant Bancorp from a “neutral” rating to an “overweight” rating and raised their price target for the company from $26.00 to $26.50 in a research report on Monday, September 30th. Janney Montgomery Scott lowered shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Friday, July 26th. Finally, Raymond James dropped their price target on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.10.

Amerant Bancorp Trading Up 2.5 %

The company’s 50-day moving average is $20.98 and its 200 day moving average is $21.80. The company has a market cap of $700.62 million, a price-to-earnings ratio of 31.26 and a beta of 0.99. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 1.25.

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 the consensus estimate of $0.35 by ($0.07). Amerant Bancorp had a net margin of 3.15% and a return on equity of 7.78%. The company had revenue of $98.78 million during the quarter, compared to analyst estimates of $93.19 million. During the same quarter last year, the business earned $0.24 EPS. Research analysts predict that Amerant Bancorp Inc. will post 1.15 EPS for the current year.

Hedge Funds Weigh In On Amerant Bancorp

A number of institutional investors have recently bought and sold shares of the company. Creative Planning raised its stake in Amerant Bancorp by 7.6% during the third quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after purchasing an additional 850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Amerant Bancorp by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after acquiring an additional 1,197 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Amerant Bancorp by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock valued at $272,000 after acquiring an additional 2,316 shares during the period. Rhumbline Advisers raised its stake in shares of Amerant Bancorp by 10.9% in the 2nd quarter. Rhumbline Advisers now owns 46,973 shares of the company’s stock valued at $1,066,000 after acquiring an additional 4,622 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Amerant Bancorp by 89.8% in the 1st quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company’s stock valued at $308,000 after acquiring an additional 6,261 shares during the period. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Company Profile

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.