Mercantil Bank (NASDAQ:AMTB) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Mercantil Bank (NASDAQ:AMTB) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

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.

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in Mercantil Bank during the 1st quarter valued at approximately $87,000. Strs Ohio acquired a new stake in Mercantil Bank during the 2nd quarter valued at approximately $102,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Mercantil Bank during the 4th quarter valued at approximately $195,000. First Manhattan Co. acquired a new stake in Mercantil Bank during the 1st quarter valued at approximately $208,000. Finally, Context BH Capital Management LP acquired a new stake in Mercantil Bank during the 1st quarter valued at approximately $226,000. Hedge funds and other institutional investors own 10.36% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Mercantil Bank (NASDAQ:AMTB)

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