Amerant Class B Shares Undervalued [Seeking Alpha]
Amerant Bancorp Inc. - Class B (AMTBB)
Company Research
Source: Seeking Alpha
Amerant Class B Shares Undervalued Amerant B (NASDAQ: AMTBB . As of this writing, A shares trade at around $17.94 resulting in a P/B of 0.997. Meanwhile, B shares trade at $15.2 with a Fwd P/B value of 0.84. Class A shares trade at an 18% premium over B shares, and the only advantage they come is the right to more votes. For the average investor, whose vote won't really matter in deciding the direction of the company, B shares present a great opportunity to buy a good company at a steep discount. What is Amerant? Amerant Bancorp Inc. is a bank with $8.1 billion in assets and $747.4 million in shareholders' equity. Although it has existed since 1987, it was previously a wholly-owned subsidiary of Mercantil Servicios Financieros, C.A, a Venezuelan financial services company. However, starting in 2018 Mercantil Servicios Financieros spun off Amerant, and on august of that same year the company started trading on the Nasdaq exchange. Difference Between Shares Amerant has two types of shar
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