Piper Sandler raised the firm’s price target on Amerant Bancorp (AMTB) to $29 from $26.50 and keeps an Overweight rating on the shares following Q3 results. Piper noted that it feels more confident around the path of expenses, credit costs, and loan growth, though the firm does remain slightly skeptical around the upside to the net interest margin in 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMTB:
- Amerant Bancorp Reports Loss Amid Strategic Repositioning
- Amerant Bancorp reports Q3 EPS 27c, consensus 21c
- AMTB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Amerant Bancorp price target lowered to $25 from $27 at Raymond James
- Amerant Bancorp upgraded to Overweight from Equal Weight at Stephens