NYSE:AMTBBanks
Amerant Bancorp (AMTB) Prices $50 Million Notes, Is The Stock Fully Valued?
Amerant Bancorp (AMTB) has just priced and closed a $50 million issue of 7.00% senior notes due 2031, a move that reshapes its funding mix and near term financial flexibility.
Amerant Bancorp’s new 7.00% notes come on the back of strong momentum, with a 90 day share price return of 22.73% and a year to date share price gain of 51.19% at a latest share price of $29.80. The 3 year total shareholder return of 73.70% suggests longer term holders have already seen meaningful compounding as the...