Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Mercantil Bank from a hold rating to a strong sell rating in a report on Tuesday. Raymond James raised their target price on Mercantil Bank from $17.00 to $18.00 and gave the company an outperform rating in a report on Monday, April 29th. Keefe, Bruyette & Woods downgraded Mercantil Bank from an outperform rating to a market perform rating and set a $19.00 target price on the stock. in a report on Sunday, May 19th. SunTrust Banks lowered 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. Finally, Stephens restated a hold rating and set a $16.00 price objective on shares of Mercantil Bank in a research note on Monday, May 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $18.32.
Shares of NASDAQ:AMTB traded down $1.10 during mid-day trading on Thursday, hitting $17.70. 40,675 shares of the company traded hands, compared to its average volume of 56,405. The firm has a market capitalization of $794.07 million and a price-to-earnings ratio of 13.01. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.98 and a current ratio of 0.98. Mercantil Bank has a 52-week low of $10.65 and a 52-week high of $259.23. The stock’s 50 day moving average price is $18.71.
Mercantil Bank Company Profile
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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