Quantinno Capital Management LP Boosts Position in Amerant Bancorp Inc. $AMTB

Quantinno Capital Management LP raised its position in Amerant Bancorp Inc. (NYSE:AMTB) by 45.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 55,210 shares of the company’s stock after purchasing an additional 17,201 shares during the period. Quantinno Capital Management LP owned about 0.14% of Amerant Bancorp worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. North Reef Capital Management LP acquired a new position in shares of Amerant Bancorp during the 1st quarter worth $25,577,000. Sei Investments Co. grew its stake in Amerant Bancorp by 25.2% in the 1st quarter. Sei Investments Co. now owns 198,326 shares of the company’s stock valued at $4,371,000 after acquiring an additional 39,971 shares during the last quarter. State of Wyoming grew its stake in Amerant Bancorp by 148.6% in the 1st quarter. State of Wyoming now owns 9,941 shares of the company’s stock valued at $219,000 after acquiring an additional 5,942 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Amerant Bancorp by 10.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company’s stock valued at $30,611,000 after acquiring an additional 133,050 shares in the last quarter. Finally, Swiss National Bank raised its position in Amerant Bancorp by 8.1% during the first quarter. Swiss National Bank now owns 73,537 shares of the company’s stock worth $1,621,000 after acquiring an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMTB. Zacks Research raised shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings cut shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Stephens lowered Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 target price on the stock. in a research note on Wednesday. Finally, Keefe, Bruyette & Woods upped their target price on Amerant Bancorp from $26.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.75.

Amerant Bancorp Trading Down 0.1%

Shares of AMTB stock opened at $29.16 on Friday. The firm has a 50-day moving average price of $26.28 and a 200 day moving average price of $23.74. Amerant Bancorp Inc. has a twelve month low of $15.62 and a twelve month high of $30.60. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.98 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.87.

Amerant Bancorp (NYSE:AMTB) last released its earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. The company had revenue of $183.31 million for the quarter, compared to analyst estimates of $98.64 million. Research analysts forecast that Amerant Bancorp Inc. will post 2.22 earnings per share for the current fiscal year.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Amerant Bancorp’s payout ratio is currently 25.90%.

About Amerant Bancorp

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.