Mercantil Bank (AMTB) Coverage Initiated by Analysts at Stephens

Research analysts at Stephens began coverage on shares of Mercantil Bank (NASDAQ:AMTB) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “equal weight” rating on the stock.

Separately, Keefe, Bruyette & Woods began coverage on Mercantil Bank in a research note on Sunday. They set an “outperform” rating on the stock.

Shares of AMTB opened at $13.99 on Monday. Mercantil Bank has a 12-month low of $10.65 and a 12-month high of $259.23.

In other news, major shareholder Servicios Financiero Mercantil sold 4,922,477 shares of the company’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $13.00, for a total transaction of $63,992,201.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mercantil Bank Company Profile

Mercantil Bank Holding Corporation 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 deposit, credit, and wealth management services international clients. The company operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional.

See Also: Mutual Funds

The Fly

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