Keefe expects pressure on Amerant shares from Q4 update

Keefe Bruyette analyst Woody Lay says Amerant Bancorp’s (AMTB) Q4 credit update showed continued negative migration to both non-performing and classified loans. With the shares having rebounded since the announced management change in November, the Q4 update is likely to bring pressure, the analyst tells investors in a research note. Keefe keeps a Market Perform rating on Amerant with a $20 price target