Kennedy Capital Management LLC Lowers Stock Position in Amerant Bancorp Inc. $AMTB

Kennedy Capital Management LLC lessened its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 23.4% in the second quarter, Holdings Channel reports. The institutional investor owned 549,299 shares of the company’s stock after selling 167,647 shares during the period. Kennedy Capital Management LLC’s holdings in Amerant Bancorp were worth $10,014,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in shares of 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 acquiring an additional 617 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Amerant Bancorp by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 35,035 shares of the company’s stock valued at $639,000 after buying an additional 755 shares during the last quarter. Swiss National Bank raised its position in Amerant Bancorp by 1.4% in the first quarter. Swiss National Bank now owns 66,837 shares of the company’s stock worth $1,380,000 after acquiring an additional 900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Amerant Bancorp by 4.6% in the first 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 during the period. Finally, Philadelphia Financial Management of San Francisco LLC grew its position in shares of Amerant Bancorp by 0.5% during the 1st quarter. Philadelphia Financial Management of San Francisco LLC now owns 563,973 shares of the company’s stock valued at $11,640,000 after acquiring an additional 2,809 shares during the period. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analysts Set New Price Targets

AMTB has been the topic of a number of recent research reports. Piper Sandler decreased their target price on Amerant Bancorp from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Keefe, Bruyette & Woods cut their price objective on Amerant Bancorp from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Finally, Raymond James Financial set a $21.00 target price on shares of Amerant Bancorp and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB opened at $19.34 on Friday. The company has a market cap of $797.88 million, a P/E ratio of -33.92 and a beta of 1.03. Amerant Bancorp Inc. has a 52-week low of $15.62 and a 52-week high of $25.85. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm’s fifty day moving average is $18.11 and its two-hundred day moving average is $18.87.

Amerant Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, November 14th. Amerant Bancorp’s dividend payout ratio (DPR) is currently 22.78%.

About Amerant Bancorp

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.