Hsbc Holdings PLC Invests $583,000 in Amerant Bancorp Inc. $AMTB

Hsbc Holdings PLC purchased a new position in Amerant Bancorp Inc. (NYSE:AMTB) during the 4th quarter, HoldingsChannel reports. The fund purchased 29,662 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMTB. Invesco Ltd. raised its holdings in Amerant Bancorp by 4.3% in the 4th quarter. Invesco Ltd. now owns 61,946 shares of the company’s stock valued at $1,209,000 after acquiring an additional 2,570 shares during the last quarter. Mendon Capital Advisors Corp boosted its holdings in shares of Amerant Bancorp by 4.7% during the 4th quarter. Mendon Capital Advisors Corp now owns 326,408 shares of the company’s stock worth $6,368,000 after purchasing an additional 14,511 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Amerant Bancorp by 5.9% during the 4th quarter. Empowered Funds LLC now owns 159,238 shares of the company’s stock worth $3,107,000 after purchasing an additional 8,897 shares during the last quarter. VARCOV Co. purchased a new stake in shares of Amerant Bancorp in the fourth quarter valued at approximately $321,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Amerant Bancorp in the fourth quarter valued at approximately $435,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Amerant Bancorp Stock Performance

NYSE:AMTB opened at $25.70 on Thursday. The company’s 50-day moving average is $23.73 and its two-hundred day moving average is $22.53. Amerant Bancorp Inc. has a 1-year low of $15.62 and a 1-year high of $26.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.85. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.23 and a beta of 0.88.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $177.94 million during the quarter, compared to the consensus estimate of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. Analysts forecast that Amerant Bancorp Inc. will post 1.79 EPS for the current year.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.36 annualized dividend and a yield of 1.4%. Amerant Bancorp’s dividend payout ratio (DPR) is 25.53%.

Wall Street Analyst Weigh In

AMTB has been the topic of a number of analyst reports. Zacks Research upgraded Amerant Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings cut Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Amerant Bancorp currently has an average rating of “Hold” and a consensus price target of $23.67.

Amerant Bancorp Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.