Amerant Bancorp (NASDAQ:AMTB) Stock Price Down 0.6% – Time to Sell?

Amerant Bancorp Inc. (NASDAQ:AMTB)’s stock price traded down 0.6% during trading on Monday . The company traded as low as $20.37 and last traded at $21.21. 377,553 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 280,372 shares. The stock had previously closed at $21.34.

Analysts Set New Price Targets

Several analysts have issued reports on AMTB shares. Raymond James Financial upped their price target 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. Keefe, Bruyette & Woods lifted their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, Piper Sandler boosted their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Amerant Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Amerant Bancorp Stock Performance

The firm has a market capitalization of $865.76 million, a P/E ratio of -36.81 and a beta of 1.00. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The business’s 50 day simple moving average is $21.48 and its two-hundred day simple moving average is $20.06.

Amerant Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, February 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. Amerant Bancorp’s dividend payout ratio is presently 28.80%.

Insider Buying and Selling at Amerant Bancorp

In other news, Director Odilon Almeida acquired 4,816 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $101,087.84. Following the acquisition, the director directly owned 5,316 shares in the company, valued at approximately $111,582.84. The trade was a 963.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 5.37% of the stock is owned by company insiders.

Institutional Trading of Amerant Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fourthstone LLC purchased a new stake in shares of Amerant Bancorp during the second quarter valued at $959,000. Geode Capital Management LLC increased its holdings in Amerant Bancorp by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock worth $15,602,000 after buying an additional 2,929 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Amerant Bancorp in the 3rd quarter worth about $810,000. Dynamic Technology Lab Private Ltd raised its position in Amerant Bancorp by 12.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 32,412 shares of the company’s stock worth $591,000 after buying an additional 3,556 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Amerant Bancorp by 134,722.2% during the 4th quarter. Osaic Holdings Inc. now owns 12,134 shares of the company’s stock valued at $237,000 after acquiring an additional 12,125 shares during the period. Institutional investors own 42.11% of the company’s stock.

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.