Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The latest update is out from Amerant Bancorp ( (AMTB) ).
Amerant Bank sold a portfolio of 323 business-purpose, investment property, residential mortgage loans to Temple View Capital Funding LP and TVC Funding VII LLC for approximately $58.9 million, resulting in a $12.6 million loss. This transaction, along with other strategic moves like the sale of its Houston franchise, aims to optimize its balance sheet and prepare for growth, while also addressing asset quality through the reduction of criticized loans.
More about Amerant Bancorp
Amerant Bancorp Inc. operates in the financial services industry, offering a range of banking products and services through its subsidiary, Amerant Bank, N.A. The company focuses on serving individual and business clients with various loan and deposit solutions, and it is expanding its market presence by managing its balance sheet and loan portfolio effectively.
Average Trading Volume: 243,423
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $943.7M
For detailed information about AMTB stock, go to TipRanks’ Stock Analysis page.
