Investment analysts at Raymond James initiated coverage on shares of Mercantil Bank (NASDAQ:AMTB) in a report issued on Monday, The Fly reports. The brokerage set an “outperform” rating on the stock.
A number of other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Mercantil Bank in a research report on Sunday. They issued an “outperform” rating on the stock. Stephens initiated coverage on shares of Mercantil Bank in a research report on Monday. They issued an “equal weight” rating on the stock.
Shares of NASDAQ:AMTB opened at $13.99 on Monday. Mercantil Bank has a fifty-two week low of $10.65 and a fifty-two week high of $259.23.
About Mercantil Bank
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.
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