Stephens raises Amerant Bancorp (NASDAQ:AMTB) price target to $33.00

Amerant Bancorp (NASDAQ:AMTB – Get a rating) saw its price target raised by Stephens from $31.00 to $33.00 in a report on Monday, Stock Target Advisor reports. The company currently has an “equal weight” rating on the stock. Stephens’ target price indicates a potential upside of 11.41% from the stock’s previous close.

AMTB has been the subject of several other reports. TheStreet downgraded Amerant Bancorp from a “b” rating to a “c+” rating in a Tuesday, September 6 research note. Piper Sandler lowered her price target on Amerant Bancorp to $33.00 in a Friday, July 22 research note.

Amerant Bancorp Price Performance

NASDAQ AMTB shares rose $1.12 during Monday’s trading, hitting $29.62. The company had a trading volume of 844 shares, compared to its average volume of 102,015. Amerant Bancorp has a 12-month low of $24.41 and a 12-month high of $36.72. The stock has a market capitalization of $1.00 billion, a PE ratio of 9.63 and a beta of 1.00. The stock has a 50-day moving average price of $26.40 and a 200-day moving average price of $27.53. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt ratio of 1.38.

Amerant Bancorp Institutional Trading

A number of institutional investors and hedge funds have recently changed their positions in the stock. RMB Capital Management LLC acquired a new stake in Amerant Bancorp in Q2 worth approximately $5,624,000. State Street Corp increased its position in shares of Amerant Bancorp by 34.9% in the second quarter. State Street Corp now owns 691,703 shares of the company worth $19,451,000 after purchasing an additional 178,928 shares during the period. Foundry Partners LLC acquired a new equity stake in Amerant Bancorp in the third quarter valued at $3,271,000. Kennedy Capital Management Inc. increased its position in Amerant Bancorp shares by 45.5% in the second quarter. Kennedy Capital Management Inc. now owns 268,873 shares of the company worth $7,561,000 after purchasing an additional 84,101 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Amerant Bancorp shares by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 320,995 shares of the company worth $10,140,000 after purchasing an additional 65,122 shares during the period. 39.43% of the shares are currently held by institutional investors and hedge funds.

About Amerant Bancorp

(Get a rating)

Amerant Bancorp Inc operates as a bank holding company for Amerant Bank, NA which provides personal and business banking products and services in the United States and abroad. The company offers checking, savings and money market accounts; and certificates of deposit. It also offers variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals mainly secured by personal residence; working capital loans, asset-based loans, national credit share participations, purchased receivables and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as auto, personal, or secured by cash or securities and revolving credit card contracts.

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