Amerant Bancorp (AMTB) Set to Announce Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Amerant Bancorp had a net margin of 5.11% and a return on equity of 8.88%. The business had revenue of $101.29 million during the quarter, compared to analysts’ expectations of $91.52 million. On average, analysts expect Amerant Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amerant Bancorp Stock Up 0.1 %

Shares of NASDAQ AMTB opened at $21.02 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.08. Amerant Bancorp has a 12-month low of $15.79 and a 12-month high of $26.13. The firm’s 50-day moving average price is $22.02 and its 200-day moving average price is $21.70. The stock has a market capitalization of $706.27 million, a price-to-earnings ratio of 21.67 and a beta of 0.99.

Wall Street Analyst Weigh In

AMTB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on Amerant Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, January 26th. Piper Sandler reaffirmed a “neutral” rating and set a $25.00 price objective on shares of Amerant Bancorp in a research note on Friday, January 26th. Stephens reiterated an “equal weight” rating and set a $25.00 price objective on shares of Amerant Bancorp in a research report on Tuesday, December 19th. Finally, Raymond James upped their target price on Amerant Bancorp from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, January 26th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMTB. Royal Bank of Canada increased its position in shares of Amerant Bancorp by 6.7% during the third quarter. Royal Bank of Canada now owns 9,244 shares of the company’s stock worth $229,000 after acquiring an additional 582 shares during the period. Legal & General Group Plc raised its position in Amerant Bancorp by 8.4% during the 2nd quarter. Legal & General Group Plc now owns 9,058 shares of the company’s stock valued at $254,000 after purchasing an additional 703 shares in the last quarter. California State Teachers Retirement System raised its position in Amerant Bancorp by 2.8% during the 3rd quarter. California State Teachers Retirement System now owns 29,620 shares of the company’s stock valued at $517,000 after purchasing an additional 799 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Amerant Bancorp by 3.0% in the 2nd quarter. Alliancebernstein L.P. now owns 27,810 shares of the company’s stock worth $478,000 after buying an additional 810 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Amerant Bancorp during the 1st quarter worth $26,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

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.