Amerant Bancorp (NASDAQ:AMTB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Amerant Bancorp (NASDAQ:AMTB) had its price target boosted by equities researchers at Keefe, Bruyette & Woods from $25.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 16.75% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Raymond James dropped their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Stephens reissued an “overweight” rating and issued a $29.00 price objective on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Finally, Piper Sandler boosted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $23.13 on Monday. Amerant Bancorp has a 52-week low of $18.54 and a 52-week high of $27.00. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm’s fifty day moving average is $23.31 and its 200 day moving average is $22.28. The company has a market cap of $973.88 million, a price-to-earnings ratio of -40.57 and a beta of 1.03.

Institutional Trading of Amerant Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of AMTB. Dimensional Fund Advisors LP raised its stake in shares of Amerant Bancorp by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock worth $19,621,000 after acquiring an additional 72,028 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Amerant Bancorp during the second quarter valued at $250,000. Squarepoint Ops LLC purchased a new stake in shares of Amerant Bancorp in the second quarter worth about $281,000. The Manufacturers Life Insurance Company increased its holdings in shares of Amerant Bancorp by 23.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock valued at $272,000 after purchasing an additional 2,316 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Amerant Bancorp by 77.7% during the 3rd quarter. SG Americas Securities LLC now owns 15,590 shares of the company’s stock worth $333,000 after acquiring an additional 6,817 shares in 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.