Amerant Bancorp falls after Raymond James downgrades to 'market perform'

ReutersApr 24, 2025 12:58 PM

Shares of regional lender Amerant Bancorp AMTB.N fall 1.6% to $19.17 premarket

Raymond James downgrades AMTB shares to "market perform" from "outperform" following Q1 results

Brokerage says it is stepping to the sideline for now, given persistent credit issues at the bank

Says questions remain on the bank's "intermediate-term growth outlook, the ultimate pace of credit improvement, and fee income drivers given the uncertain backdrop"

Raymond James believes "a wait and see approach is now warranted" given the uncertainty in light of tariffs and the bank's softer loan growth outlook

3 of 5 brokerages rate the stock "buy" or higher and 2 "hold"; median PT $25 - data compiled by LSEG

As of last close, AMTB down 13% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

IONQ First-Quarter Earnings Beat Expectations, Shares Fall After Hours; Is IONQ Still Worth Investing?

TradingKey - IONQ’s latest earnings beat expectations, but shares fell after-hours as the market had previously overextended performance expectations; the medium-to-long-term outlook remains bullish.

Trump Family Mining Firm American Bitcoin Losses Widen, Why the Market Is Still Buying?

American Bitcoin reported widening losses for Q1 2026, yet its stock price remained resilient amid rising Bitcoin prices, with the potential for further gains in the near term.

Dell Stock Analysis: Is It Still Undervalued and the Best AI Infrastructure Play by 2026?

TradingKey - Dell Technologies (DELL) results are due late this month and the setup is unusual. The company is a key provider of AI infrastructure, yet its valuation multiple has expanded much more modestly than peers in the semiconductor, networking, memory, and storage sectors. As we head into ear

SK Hynix Shares Hit New High Above 1.6 Million Won; Where Does the Upward Momentum Come From?

TradingKey - During the Asian session on May 6, South Korean memory chip giant SK Hynix surged more than 10% intraday, with its closing price exceeding 1.6 million KRW, marking a record high for the second consecutive trading day. The company's market capitalization surpassed 1,100 trillion KRW, with its cumulative year-to-date gain reaching over 146%.

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools