Strs Ohio Purchases Shares of 31,300 Amerant Bancorp Inc. $AMTB

Strs Ohio purchased a new stake in Amerant Bancorp Inc. (NYSE:AMTB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,300 shares of the company’s stock, valued at approximately $611,000. Strs Ohio owned about 0.08% of Amerant Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMTB. Guerra Advisors Inc purchased a new stake in shares of Amerant Bancorp during the 3rd quarter worth about $32,000. CWM LLC boosted its stake in shares of Amerant Bancorp by 153.4% during the 3rd quarter. CWM LLC now owns 4,748 shares of the company’s stock worth $91,000 after acquiring an additional 2,874 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 526 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amerant Bancorp during the 2nd quarter worth about $129,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Amerant Bancorp during the 3rd quarter worth about $143,000. 42.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMTB. Zacks Research lowered shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Piper Sandler increased their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Amerant Bancorp in a research note on Friday, March 27th. Keefe, Bruyette & Woods increased their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of Amerant Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.67.

Amerant Bancorp Stock Up 0.1%

AMTB stock opened at $23.41 on Friday. The company has a market cap of $941.58 million, a price-to-earnings ratio of 16.60 and a beta of 0.90. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 0.90. Amerant Bancorp Inc. has a 12 month low of $15.62 and a 12 month high of $24.38. The firm has a 50-day moving average of $22.37 and a two-hundred day moving average of $20.73.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $97.66 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%. As a group, analysts forecast that Amerant Bancorp Inc. will post 1.76 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. Amerant Bancorp’s dividend payout ratio (DPR) is currently 25.53%.

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.