KBW Keeps Their Hold Rating on Amerant Bancorp (AMTB)

KBW analyst Wood Lay maintained a Hold rating on Amerant Bancorp (AMTB – Research Report) yesterday and set a price target of $28.00. The company’s shares closed yesterday at $22.72.

According to TipRanks, Lay is a 2-star analyst with an average return of 0.3% and a 63.64% success rate. Lay covers the Financial sector, focusing on stocks such as Bok Financial, Hilltop Holdings, and Sierra Bancorp.

Amerant Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $26.67, a 17.39% upside from current levels. In a report released on April 18, Piper Sandler also assigned a Hold rating to the stock with a $25.00 price target.

Based on Amerant Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $101.29 million and a GAAP net loss of $17.12 million. In comparison, last year the company earned a revenue of $106.54 million and had a net profit of $21.97 million

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Amerant Bancorp (AMTB) Company Description:

Amerant Bancorp, Inc. operates as a bank holding company which engages in banking solutions. It offers deposit, credit, investment, wealth management and fiduciary services, both in the United States and to select international customers through the Mercantil Bank, N.A. and its subsidiaries. The company operates through the following segments: Personal & Commercial Banking, Corporate LATAM, Treasury, and Institutional. The Personal and Commercial Banking segment delivers the Mercantil Bank, N.A.’s core services and product offerings to domestic personal and commercial business customers and international customers, which are primarily personal customers. The Corporate LATAM segment serves financial institution clients and companies in Latin America. The Treasury segment manages securities portfolio; and manages the Mercantil Bank, N.A’s balance sheet, including the securities portfolio, the level and quality of liquidity, overall duration, economic value of equity and asset liability position. The Institutional segment comprises the balances and results of investment services and the Trust Company. Mercantil Bank Holding was founded on June 27, 1985 and is headquartered in Coral Gables, FL.