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Hot Stocks
Amerant Bancorp director Wilson sells over 30,000 class A shares » 18:43
11/18/21
11/18
18:43
11/18/21
18:43
AMTB

Amerant Bancorp

$31.66 /

+1.57 (+5.22%)

In a regulatory filing,…

In a regulatory filing, Amerant Bancorp director Millar Wilson disclosed the sale of 30,769 class A common shares of the company on November 17 at a price of $29.9727 per share.

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AMTB Amerant Bancorp
$31.66 /

+1.57 (+5.22%)

AMTB Amerant Bancorp
$31.66 /

+1.57 (+5.22%)

11/08/21 Stephens
Amerant Bancorp upgraded to Overweight from Equal Weight at Stephens
08/30/21
Fly Intel: Top five analyst upgrades
08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
AMTB Amerant Bancorp
$31.66 /

+1.57 (+5.22%)

Hot Stocks
Amerant Bancorp shareholders approve clean-up merger » 16:43
11/15/21
11/15
16:43
11/15/21
16:43
AMTB

Amerant Bancorp

$30.02 /

+0.02 (+0.07%)

Amerant Bancorp announced…

Amerant Bancorp announced that its shareholders approved a clean-up merger pursuant to which a subsidiary of the company will merge with and into the company. The Merger will simplify Amerant's capital structure by automatically converting shares of the company's Class B common stock into the company's shares of Class A common stock.Under the terms of the Merger, each outstanding share of Class B common stock will be automatically converted to 0.95 of a share of Class A common stock without any action on the part of the holders of Class B common stock; however, to the extent any shareholder, together with its affiliates, would own more than 8.9% of the outstanding shares of Class A common stock following the Merger, such holder's shares of Class A common stock or Class B common stock, as the case may be, will be converted into shares of a new class of Non-Voting Class A common stock, solely with respect to holdings that would be in excess of the 8.9% limit. The company currently intends the Merger to be effective on Thursday November 18th at 12:01 a.m. Eastern Time. Following the completion of the Merger, only the Company's shares of Class A common stock will trade on the NASDAQ under the symbol "AMTB". The Company expects that Wednesday November 17, 2021 will be the last day of trading of its shares of Class B common stock on the NASDAQ. "We are pleased to announce that our Class A and Class B shareholders were supportive of the view held by our Board and management regarding the benefits of having a single class of publicly traded common equity" stated Jerry Plush, Vice Chairman and CEO. "We can now focus on seeking alternatives to reduce our total cost of capital by optimizing its composition and by evaluating other ways to increase returns to our shareholders."

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AMTB Amerant Bancorp
$30.02 /

+0.02 (+0.07%)

AMTB Amerant Bancorp
$30.02 /

+0.02 (+0.07%)

11/08/21 Stephens
Amerant Bancorp upgraded to Overweight from Equal Weight at Stephens
08/30/21
Fly Intel: Top five analyst upgrades
08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
AMTB Amerant Bancorp
$30.02 /

+0.02 (+0.07%)

Hot Stocks
Raistone announces growth funding round led by Amerant Bancorp » 09:54
11/10/21
11/10
09:54
11/10/21
09:54
AMTB

Amerant Bancorp

$29.56 /

+0.055 (+0.19%)

Raistone announced that…

Raistone announced that it has secured a growth funding round led by Amerant Bancorp. The company said, "The investment comes amid triple-digit percentage growth at Raistone as the company helps inject much-needed cash to the global supply chain. Raistone is an international provider of working capital, leveraging cutting-edge technology to connect a marketplace of buyers, suppliers, business-to-business platforms, and financial institutions." The company will use the funding to expand development of its finance application programming interfaces, which enable enterprise software firms to embed working capital solutions and offer solutions to their users. Raistone will also use the funds to grow its staff and expand its suite of financial solutions, which includes Supply Chain Finance.

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AMTB Amerant Bancorp
$29.56 /

+0.055 (+0.19%)

AMTB Amerant Bancorp
$29.56 /

+0.055 (+0.19%)

11/08/21 Stephens
Amerant Bancorp upgraded to Overweight from Equal Weight at Stephens
08/30/21
Fly Intel: Top five analyst upgrades
08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
AMTB Amerant Bancorp
$29.56 /

+0.055 (+0.19%)

Upgrade
Amerant Bancorp upgraded to Overweight from Equal Weight at Stephens » 06:46
11/08/21
11/08
06:46
11/08/21
06:46
AMTB

Amerant Bancorp

$28.90 /

+1.69 (+6.21%)

Stephens analyst Brody…

Stephens analyst Brody Preston upgraded Amerant Bancorp to Overweight from Equal Weight.

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AMTB Amerant Bancorp
$28.90 /

+1.69 (+6.21%)

AMTB Amerant Bancorp
$28.90 /

+1.69 (+6.21%)

08/30/21
Fly Intel: Top five analyst upgrades
08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
05/17/21 Truist
Amerant Bancorp price target raised to $25 from $18 at Truist
AMTB Amerant Bancorp
$28.90 /

+1.69 (+6.21%)

Over a month ago
Earnings
Amerant Bancorp reports Q3 EPS 45c, consensus 39c » 16:37
10/20/21
10/20
16:37
10/20/21
16:37
AMTB

Amerant Bancorp

$26.80 /

+0.26 (+0.98%)

Third quarter 2021 NII…

Third quarter 2021 NII was $51.8M, up $1.9M, or 3.7%, from $50M in the second quarter of 2021 and up $6.5M, or 14.3%, from $45.3M in the third quarter of 2020. The quarter-over-quarter increase was primarily driven by lower overall deposit costs resulting from declines in average CD balances, downward repricing of time deposits and increased average balances in noninterest bearing deposits; higher average loan and investment yields, the first being due to an increase in higher-yielding consumer loans; higher investment portfolio average balances as the Company began redeploying its excess cash and cash equivalents during the period; and Lower cost and average balances on FHLB advances and borrowings, following the Company's repayment and rate modification of FHLB advances in May 2021. Of note, cost of total deposits decreased 8 basis points during the third quarter of 2021 compared to the second quarter of 2021. Partially offsetting the increase in NII were lower average loan balances due to higher prepayment activity and delays in expected closings at the end of the third quarter.

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AMTB Amerant Bancorp
$26.80 /

+0.26 (+0.98%)

AMTB Amerant Bancorp
$26.80 /

+0.26 (+0.98%)

08/30/21
Fly Intel: Top five analyst upgrades
08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
05/17/21 Truist
Amerant Bancorp price target raised to $25 from $18 at Truist
AMTB Amerant Bancorp
$26.80 /

+0.26 (+0.98%)

Hot Stocks
Amerant Bancorp names Kristy Amaro as Chief Diversity & Inclusion Officer » 18:04
09/16/21
09/16
18:04
09/16/21
18:04
AMTB

Amerant Bancorp

$24.59 /

-0.73 (-2.88%)

Amerant Bancorp announced…

Amerant Bancorp announced that Kristy Amaro has been named Chief Diversity & Inclusion Officer. A new C-suite position at Amerant, Amaro, who joined the company in 2006, will lead the organization's efforts to further a culture that recognizes and creates opportunities for diverse representation throughout the enterprise. Most recently, Amaro served as People and Organizational Development Manager, working with all organizational levels to develop, promote and deliver learning solutions that develop staff potential and support the organization's business strategy. Prior to joining Amerant, Amaro managed the learning and development function in the luxury hotel industry.

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AMTB Amerant Bancorp
$24.59 /

-0.73 (-2.88%)

AMTB Amerant Bancorp
$24.59 /

-0.73 (-2.88%)

08/30/21
Fly Intel: Top five analyst upgrades
08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
05/17/21 Truist
Amerant Bancorp price target raised to $25 from $18 at Truist
AMTB Amerant Bancorp
$24.59 /

-0.73 (-2.88%)

Hot Stocks
Amerant Bancorp plans to effect clean-up merger, approves stock repurchase plan » 05:53
09/13/21
09/13
05:53
09/13/21
05:53
AMTB

Amerant Bancorp

$25.58 /

+0.06 (+0.24%)

Amerant Bancorp announced…

Amerant Bancorp announced its intention to effect a clean-up merger, subject to shareholder approval, pursuant to which a subsidiary of the company will merge with and into the company. Under the terms of the merger, each outstanding share of Class B common stock will be automatically converted to 0.95 of a share of Class A common stock without any action on the part of the holders of Class B common stock; however, to the extent any shareholder, together with its affiliates, would own more than 8.9% of the outstanding shares of Class A common stock following the merger, such holder's shares of Class A common stock or Class B common stock, as the case may be, will be converted into shares of a new class of Non-Voting Class A common stock, solely with respect to holdings that would be in excess of the 8.9% limitation. The terms of the merger to be submitted for approval of the shareholders will include the creation of a new class of Non-Voting Class A common stock. Following the merger, no shares of Class B common stock will remain outstanding. In addition, all shareholders that would hold fractional shares as a result of the merger will receive a cash payment in lieu of such fractional shares. To the extent that following the merger any holder would beneficially own fewer than 100 shares of Class A common stock, such holder will receive cash in lieu of Class A common stock. The company expects to hold a special shareholders meeting to seek approval of the merger in early December. The company further announced that its board authorized a new share repurchase program, pursuant to which the company may purchase, from time to time, up to an aggregate amount of $50M of its shares of Class A common stock. Repurchases under the repurchase program may be made in the open market, by block purchase, in privately negotiated transactions or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Repurchases of the company's shares of Class A common stock will depend upon market conditions, regulatory requirements, other corporate liquidity requirements and priorities and other factors as may be considered in the Company's sole discretion. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when the company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The repurchase program does not obligate the company to repurchase any particular amount of Class A common stock and may be suspended or discontinued at any time without notice. In addition, the board terminated the company's existing Class B common stock repurchase program, which was initially announced by the company in March.

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AMTB Amerant Bancorp
$25.58 /

+0.06 (+0.24%)

AMTB Amerant Bancorp
$25.58 /

+0.06 (+0.24%)

08/30/21
Fly Intel: Top five analyst upgrades
08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
05/17/21 Truist
Amerant Bancorp price target raised to $25 from $18 at Truist
AMTB Amerant Bancorp
$25.58 /

+0.06 (+0.24%)

Over a quarter ago
Upgrade
Fly Intel: Top five analyst upgrades » 09:55
08/30/21
08/30
09:55
08/30/21
09:55
AMTB

Amerant Bancorp

$26.67 /

+2.07 (+8.41%)

, EDU

New Oriental Education

$2.07 /

+0.07 (+3.50%)

, TAL

TAL Education

$4.91 /

+0.115 (+2.40%)

, MGY

Magnolia Oil & Gas

$15.40 /

+0.335 (+2.22%)

, OLLI

Ollie's Bargain Outlet

$74.30 /

+1.75 (+2.41%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amerant Bancorp (AMTB) upgraded to Overweight from Neutral at Piper Sandler with analyst Stephen Scouten saying there may be further upside to estimates if the company is able to achieve its outlined goals by the end of 2022. 2. New Oriental (EDU) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Sheng Zhong saying the K to 9 tutoring business has been hit by China's "double reduction" regulation, and Zhong is now excluding the value of the K9 business from the stock's valuation, but still sees share price upside potential from here when valuing its high school tutoring, remaining overseas business and other businesses, and its small-scale new businesses. 3. TAL Education (TAL) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Sheng Zhong saying the stock looks fairly valued after removing all K9 revenue, which is about 80% of TAL's total revenue. 4. Magnolia Oil & Gas (MGY) upgraded to Buy from Hold at Truist with analyst Neal Dingmann expecting the continued outperformance and upside from the company's Giddings area to drive dividend growth and share buybacks, stating that after six months, the average daily oil performance from 2021 results were up 27% over 2020's results - more than triple 2019's performance and more than double 2018's wells. 5. Ollie's Bargain Outlet (OLLI) upgraded to Neutral from Sell at Citi with analyst Paul Lejuez seeing a more balanced risk/reward profile following stock selloff post the "weak" Q2 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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TAL TAL Education
$4.91 /

+0.115 (+2.40%)

OLLI Ollie's Bargain Outlet
$74.30 /

+1.75 (+2.41%)

MGY Magnolia Oil & Gas
$15.40 /

+0.335 (+2.22%)

EDU New Oriental Education
$2.07 /

+0.07 (+3.50%)

AMTB Amerant Bancorp
$26.67 /

+2.07 (+8.41%)

AMTB Amerant Bancorp
$26.67 /

+2.07 (+8.41%)

08/30/21 Piper Sandler
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler
06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
05/17/21 Truist
Amerant Bancorp price target raised to $25 from $18 at Truist
05/14/21 Raymond James
Amerant Bancorp upgraded to Outperform from Market Perform at Raymond James
EDU New Oriental Education
$2.07 /

+0.07 (+3.50%)

08/30/21 Morgan Stanley
Morgan Stanley ups New Oriental Education to Overweight after excluding K9 value
08/30/21 Morgan Stanley
New Oriental upgraded to Overweight from Equal Weight at Morgan Stanley
07/27/21 Deutsche Bank
New Oriental Education downgraded on China restrictions at Deutsche Bank
07/27/21 Daiwa
New Oriental Education downgraded to Hold from Buy at Daiwa
TAL TAL Education
$4.91 /

+0.115 (+2.40%)

08/30/21 Morgan Stanley
Morgan Stanley upgrades TAL Education to Equal Weight after excluding K9 value
08/30/21 Morgan Stanley
TAL Education upgraded to Equal Weight from Underweight at Morgan Stanley
07/27/21 Deutsche Bank
TAL Education downgraded on China restrictions at Deutsche Bank
07/27/21 Daiwa
TAL Education downgraded to Hold from Buy at Daiwa
MGY Magnolia Oil & Gas
$15.40 /

+0.335 (+2.22%)

08/30/21 Truist
Magnolia Oil & Gas upgraded to Buy at Truist on expected Giddings outperformance
08/30/21 Truist
Magnolia Oil & Gas upgraded to Buy from Hold at Truist
08/02/21 Evercore ISI
Magnolia Oil & Gas initiated with an Outperform at Evercore ISI
07/22/21 Citi
Magnolia Oil & Gas price target raised to $15.50 from $14 at Citi
OLLI Ollie's Bargain Outlet
$74.30 /

+1.75 (+2.41%)

08/30/21 Citi
Ollie's Bargain Outlet upgraded to Neutral from Sell at Citi
08/27/21
Fly Intel: Top five analyst upgrades
08/27/21 Craig-Hallum
Craig-Hallum would be 'aggressive buyers' on Ollie's Bargain selloff
08/27/21 Wells Fargo
Ollie's Bargain Outlet upgraded to Equal Weight from Underweight at Wells Fargo
TAL TAL Education
$4.91 /

+0.115 (+2.40%)

OLLI Ollie's Bargain Outlet
$74.30 /

+1.75 (+2.41%)

MGY Magnolia Oil & Gas
$15.40 /

+0.335 (+2.22%)

EDU New Oriental Education
$2.07 /

+0.07 (+3.50%)

AMTB Amerant Bancorp
$26.67 /

+2.07 (+8.41%)

  • 18
    Jun
  • 03
    Mar
EDU New Oriental Education
$2.07 /

+0.07 (+3.50%)

OLLI Ollie's Bargain Outlet
$74.30 /

+1.75 (+2.41%)

MGY Magnolia Oil & Gas
$15.40 /

+0.335 (+2.22%)

EDU New Oriental Education
$2.07 /

+0.07 (+3.50%)

TAL TAL Education
$4.91 /

+0.115 (+2.40%)

EDU New Oriental Education
$2.07 /

+0.07 (+3.50%)

Upgrade
Amerant Bancorp upgraded to Overweight from Neutral at Piper Sandler » 06:05
08/30/21
08/30
06:05
08/30/21
06:05
AMTB

Amerant Bancorp

$24.63 /

+0.78 (+3.27%)

Piper Sandler analyst…

Piper Sandler analyst Stephen Scouten upgraded Amerant Bancorp to Overweight from Neutral with a price target of $30, up from $23, after hosting meetings with management. There may be further upside to estimates if the company is able to achieve its outlined goals by the end of 2022, Scouten tells investors in a research note. The analyst says Amerant's CEO is "highly confident" in reaching the company's metrics and noted it should become clearer with its Q3 earnings.

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AMTB Amerant Bancorp
$24.63 /

+0.78 (+3.27%)

AMTB Amerant Bancorp
$24.63 /

+0.78 (+3.27%)

06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
05/17/21 Truist
Amerant Bancorp price target raised to $25 from $18 at Truist
05/14/21 Raymond James
Amerant Bancorp upgraded to Outperform from Market Perform at Raymond James
05/14/21 Raymond James
Amerant Bancorp upgraded to Outperform from Market Perform at Raymond James
AMTB Amerant Bancorp
$24.63 /

+0.78 (+3.27%)

Conference/Events
Amerant Bancorp management to meet virtually with Piper Sandler » 04:55
08/26/21
08/26
04:55
08/26/21
04:55
AMTB

Amerant Bancorp

$24.03 /

-0.17 (-0.70%)

Virtual Meeting to be…

Virtual Meeting to be held on August 26 hosted by Piper Sandler.

ShowHide Related Items >><<
AMTB Amerant Bancorp
$24.03 /

-0.17 (-0.70%)

AMTB Amerant Bancorp
$24.03 /

-0.17 (-0.70%)

06/02/21 Stephens
Amerant Bancorp initiated with an Equal Weight at Stephens
05/17/21 Truist
Amerant Bancorp price target raised to $25 from $18 at Truist
05/14/21 Raymond James
Amerant Bancorp upgraded to Outperform from Market Perform at Raymond James
05/14/21 Raymond James
Amerant Bancorp upgraded to Outperform from Market Perform at Raymond James
AMTB Amerant Bancorp
$24.03 /

-0.17 (-0.70%)

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