Amerant Bancorp (NASDAQ:AMTB) Insider Carlos Iafigliola Buys 1,000 Shares

Amerant Bancorp Inc. (NASDAQ:AMTB) insider Carlos Iafigliola purchased 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was bought at an average cost of $21.74 per share, for a total transaction of $21,740.00. Following the purchase, the insider owned 15,964 shares of the company’s stock, valued at approximately $347,057.36. This represents a 6.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Amerant Bancorp Stock Up 0.1%

Shares of NASDAQ:AMTB traded up $0.03 during midday trading on Friday, reaching $21.76. 344,068 shares of the company were exchanged, compared to its average volume of 272,383. The firm has a market cap of $897.95 million, a PE ratio of -38.18 and a beta of 1.03. Amerant Bancorp Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $24.30. The stock has a fifty day simple moving average of $20.09 and a two-hundred day simple moving average of $19.58. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, February 13th. Amerant Bancorp’s dividend payout ratio is currently 28.80%.

Hedge Funds Weigh In On Amerant Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in AMTB. Ameriprise Financial Inc. increased its stake in Amerant Bancorp by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock worth $2,807,000 after acquiring an additional 500 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after purchasing an additional 526 shares during the period. Legal & General Group Plc increased its position in Amerant Bancorp by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock valued at $653,000 after purchasing an additional 617 shares during the period. EJF Capital LLC raised its position in shares of Amerant Bancorp by 3.5% in the 3rd quarter. EJF Capital LLC now owns 26,031 shares of the company’s stock worth $502,000 after acquiring an additional 873 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Amerant Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock worth $454,000 after acquiring an additional 963 shares in the last quarter. Institutional investors own 42.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AMTB shares. Piper Sandler lifted their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday. Raymond James Financial increased their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.75.

About Amerant Bancorp

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.