Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments, Inc. and Amerant Trust, N.A. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services. The Bank, which has operated for almost 40 years, is the largest community bank headquartered in Florida. The Bank operates 23 banking centers – 15 in South Florida and 8 in the Houston, Texas area, as well as two commercial real estate loan production offices, one in New York City and the other, recently opened, in Dallas, Texas.
AMTB popped up in our proprietary screener with a combination of positive technical signals, not the least being increasing trading volumes just below a significant resistance level. We expect AMTB to break above this resistance in the next daily trading sessions.
Amerant Bancorp Weekly Price Chart
AMTB is a clear buy when it breaks $20 with a minimum target above $30. Position should be protected with a stop loss below $17.