Mercantil Bank Holding Corp (AMTB) Gets a Hold Rating from Stephens

By Jason Carr

In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Mercantil Bank Holding Corp (AMTBResearch Report), with a price target of $16. The company’s shares opened today at $17.39, close to its 52-week low of $10.65.

Stafford observed:

“We thought results were mixed as the Company appears ahead of schedule on its international and SNC loan runoff, the NIM expanded 1 bps q/q and beat our estimate, workforce reductions aided the expense base, and credit quality remained stable; however, fee income headwinds will remain due to restrictions on Venezuelan trading securities & the exit of its international credit card program were disclosed in the 10-Q, along with likely provisioning headwinds. Ultimately, we look for profitability to improve modestly from here, with ROA reaching 0.76% in 2020, but remain on the side-lines with an Equal-Weight rating. We are increasing our price target to $17.50 (was $16.00).”

According to, Stafford is a 4-star analyst with an average return of 4.4% and a 52.8% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

Mercantil Bank Holding Corp has an analyst consensus of Moderate Buy, with a price target consensus of $18, which is a 3.5% upside from current levels. In a report released today, KBW also downgraded the stock to Hold with a $19 price target.

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Mercantil Bank Holding Corp’s market cap is currently $782M and has a P/E ratio of 15.66. The company has a Price to Book ratio of 1.

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Mercantil Bank Holding Corp. operates as a bank holding company which engages in banking solutions. It offers deposit, credit, investment, wealth management and fiduciary services, both in the United States and to select international customers through the Mercantil Bank, N.A. and its subsidiaries.