Raymond James has revised its rating for Amerant Bancorp (AMTB, Financial), lowering it from "Outperform" to "Market Perform." This decision comes in the wake of the company's underwhelming first-quarter earnings, which did not meet expectations in terms of core earnings.
Analyst Michael Rose highlighted ongoing credit issues that are impacting the company's financial performance. These concerns have prompted the firm to adopt a more cautious stance. The downgrade reflects apprehensions regarding unfavorable developments, including changes in tariffs and other policies from the current administration, which are affecting the economic landscape.
Additionally, Amerant has adjusted its loan growth forecast downward, further substantiating the more conservative approach. As a result, Raymond James advises a "wait and see" strategy for investors, given the current uncertainties surrounding the company's prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Amerant Bancorp Inc (AMTB, Financial) is $26.40 with a high estimate of $32.00 and a low estimate of $24.00. The average target implies an upside of 35.52% from the current price of $19.48. More detailed estimate data can be found on the Amerant Bancorp Inc (AMTB) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Amerant Bancorp Inc's (AMTB, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Amerant Bancorp Inc (AMTB, Financial) in one year is $24.96, suggesting a upside of 28.13% from the current price of $19.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Amerant Bancorp Inc (AMTB) Summary page.
