Mercantil Bank (AMTB) Now Covered by Raymond James

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.

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

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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The Fly

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