Amerant Bancorp price target lowered to $22 from $26 at Piper Sandler

Piper Sandler lowered the firm’s price target on Amerant Bancorp (AMTB) to $22 from $26 and keeps an Overweight rating on the shares. The firm says that while the delayed earnings release was as it had feared and was largely the result of a noisy credit quarter, credit was not as bad and could see a bit of a snapback based on some recoveries next quarter. Additionally, Amerant was still able to grow TBVPS by 3.5% quarter-over-quarter, and expects to deliver an 80-90 bps ROA in Q4 2025. Importantly, the bank did announce the early stages of an efficiency initiative and plans to extract $2M-$3M/quarter in cost savings in 2026, Piper adds.