In a report released yesterday, Christopher Mcgratty from KBW maintained a Hold rating on Amerant Bancorp (AMTB – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $18.92.
Mcgratty covers the Financial sector, focusing on stocks such as Pacwest Bancorp, First Interstate Bancsystem, and Associated Banc-Corp. According to TipRanks, Mcgratty has an average return of 10.2% and a 62.96% success rate on recommended stocks.
Amerant Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $25.25.
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Based on Amerant Bancorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $101.68 million and a net profit of $20.19 million. In comparison, last year the company earned a revenue of $69.68 million and had a GAAP net loss of $4.15 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMTB in relation to earlier this year.
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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.
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