NasdaqGS:AMTB.B

Stock Analysis Report

Executive Summary

Amerant Bancorp Inc. operates as a bank holding company for Amerant Bank, N.A.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Amerant Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

AMTB.B

1.4%

US Banks

1.0%

US Market


1 Year Return

-39.2%

AMTB.B

0.2%

US Banks

6.7%

US Market

Return vs Industry: AMTB.B underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: AMTB.B underperformed the US Market which returned 6.7% over the past year.


Share holder returns

AMTB.BIndustryMarket
7 Day0.8%1.4%1.0%
30 Day-5.2%-2.6%-1.8%
90 Day-3.0%0.8%-1.8%
1 Year-39.2%-39.2%3.1%0.2%9.1%6.7%
3 Yearn/a52.0%41.5%46.1%36.6%
5 Yearn/a69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Amerant Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Amerant Bancorp undervalued based on future cash flows and its price relative to the stock market?

15.73x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: AMTB.B ($14.22) is trading above our estimate of fair value ($6.92)

Significantly Undervalued: AMTB.B is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: AMTB.B is poor value based on its PE Ratio (15.7x) compared to the Banks industry average (12.5x).

PE vs Market: AMTB.B is good value based on its PE Ratio (15.7x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: AMTB.B is poor value based on its PEG Ratio (1.4x)


Price Based on Value of Assets

PB vs Industry: AMTB.B is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Amerant Bancorp expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: AMTB.B's forecast earnings growth (11.4% per year) is above the savings rate (2.7%).

Earnings vs Market: AMTB.B's earnings (11.4% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: AMTB.B's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMTB.B's revenue (0.6% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: AMTB.B's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: AMTB.B's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has Amerant Bancorp performed over the past 5 years?

26.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AMTB.B's earnings have grown significantly by 26.2% per year over the past 5 years.

Accelerating Growth: AMTB.B's earnings growth over the past year (12.8%) is below its 5-year average (26.2% per year).

Earnings vs Industry: AMTB.B earnings growth over the past year (12.8%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: AMTB.B's Return on Equity (6.4%) is considered low.


Return on Assets

ROA vs Industry: AMTB.B's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate AMTB.B's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Amerant Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: AMTB.B has a low level of unsold assets or inventory.

Debt Coverage by Assets: AMTB.B's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: AMTB.B's level of assets compared to its equity is low.

Allowance for Bad Loans: AMTB.B has a sufficient allowance for bad loans.

Low Risk Liabilities: AMTB.B's liabilities are made up of primarily low risk sources of funding.

Loan Level: AMTB.B has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AMTB.B's loans are broadly funded by customer deposits.

Level of Bad Loans: AMTB.B has an appropriate level of bad loans (0.56%)


Next Steps

Dividend

What is Amerant Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate AMTB.B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AMTB.B's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if AMTB.B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AMTB.B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AMTB.B's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Amerant Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Millar Wilson (66yo)

10.8yrs

Tenure

US$5,109,184

Compensation

Mr. Millar Wilson serves as Chief Executive Officer of Mercantil Commercebank Florida Bancorp and Mercantil Commercebank Holding Corporation. Mr. Wilson serves as Executive Director of International Busine ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Millar's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Millar's compensation has increased by more than 20% in the past year.


Management Age and Tenure

1.7yrs

Average Tenure

58yo

Average Age

Experienced Management: AMTB.B's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

9.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: AMTB.B's board of directors are considered experienced (9.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$28,474,08708 Mar 19
Mercantil Servicios Financieros, C.A.
EntityCompany
Shares2,112,321
Max PriceUS$13.48
SellUS$17,907,91108 Mar 19
Mercantil Servicios Financieros, C.A.
EntityCompany
Shares1,420,135.66
Max PriceUS$12.61

Ownership Breakdown


Management Team

  • Millar Wilson (66yo)

    Vice-Chairman & CEO

    • Tenure: 10.8yrs
    • Compensation: US$5.11m
  • Al Peraza (59yo)

    Co-President & CFO

    • Tenure: 1.7yrs
    • Compensation: US$2.73m
  • Alfonso Figueredo (58yo)

    Co-President & COO

    • Tenure: 1.7yrs
  • Ivan Trujillo

    Senior VP & Company Secretary

    • Tenure: 15.8yrs
  • Julio Peña

    Senior VP & Assistant Corporate Secretary

    • Tenure: 14.8yrs
  • Jorge Trabanco (58yo)

    Chief Accounting Officer

    • Tenure: 1.5yrs
  • Herbie Folgueira

    Technology Officer

    • Tenure: 0yrs
  • Miguel Palacios (51yo)

    Executive VP & Chief Business Officer

    • Tenure: 1.7yrs
    • Compensation: US$1.74m
  • Alberto Capriles (51yo)

    Executive VP & Chief Risk Officer

    • Tenure: 1.7yrs
  • Laura Rossi

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • J. Villar (76yo)

    Independent Director

    • Tenure: 21.8yrs
    • Compensation: US$292.10k
  • Rick Copeland (77yo)

    Non-Executive Chairman

    • Tenure: 0.8yrs
    • Compensation: US$346.30k
  • Tony Villamil (72yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$281.80k
  • Miguel Angel Capriles C. López (55yo)

    Director

    • Tenure: 16.8yrs
    • Compensation: US$264.50k
  • Gustavo Julio Vollmer Acedo (69yo)

    Director

    • Tenure: 16.8yrs
    • Compensation: US$309.30k
  • Millar Wilson (66yo)

    Vice-Chairman & CEO

    • Tenure: 10.8yrs
    • Compensation: US$5.11m
  • Pamella Dana (56yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$312.30k
  • Rosa de Costantino (62yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$255.20k
  • Gustavo Antonio Marturet Medina (53yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$262.30k
  • John Quill (65yo)

    Independent Director

    • Tenure: 0.6yrs

Company Information

Amerant Bancorp Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Amerant Bancorp Inc.
  • Ticker: AMTB.B
  • Exchange: NasdaqGS
  • Founded: 1979
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$758.380m
  • Shares outstanding: 43.20m
  • Website: https://www.amerantbank.com

Number of Employees


Location

  • Amerant Bancorp Inc.
  • 220 Alhambra Circle
  • Coral Gables
  • Florida
  • 33134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMTB.BNasdaqGS (Nasdaq Global Select)Class B Common StockUSUSDAug 2018
AMTBNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDAug 2018
0KZADB (Deutsche Boerse AG)YesClass A Common StockDEEURAug 2018

Biography

Amerant Bancorp Inc. operates as a bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. The compan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:21
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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