Several other analysts have also recently issued reports on AMTB. Keefe, Bruyette & Woods cut shares of Mercantil Bank from an outperform rating to a market perform rating and set a $19.00 price objective for the company. in a research note on Sunday, May 19th. Stephens reaffirmed a hold rating and set a $16.00 price objective on shares of Mercantil Bank in a research note on Monday, May 20th. SunTrust Banks cut shares of Mercantil Bank from a buy rating to a hold rating and set a $18.90 price objective for the company. in a research note on Thursday, May 30th. They noted that the move was a valuation call. Raymond James upped their price objective on shares of Mercantil Bank from $17.00 to $18.00 and gave the company an outperform rating in a research note on Monday, April 29th. Finally, Zacks Investment Research cut shares of Mercantil Bank from a hold rating to a strong sell rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.32.
NASDAQ AMTB traded down $1.10 during trading hours on Thursday, hitting $17.70. 40,675 shares of the company’s stock traded hands, compared to its average volume of 58,334. Mercantil Bank has a 52-week low of $10.65 and a 52-week high of $259.23. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.53. The company’s 50-day moving average is $18.71.
About Mercantil Bank
Mercantil Bank Holding Corporation operates as a bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. The company operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional.
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