Vanguard Group Inc. Increases Stock Holdings in Amerant Bancorp Inc. $AMTB

Vanguard Group Inc. lifted its stake in Amerant Bancorp Inc. (NYSE:AMTB) by 9.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,424,944 shares of the company’s stock after purchasing an additional 206,874 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Amerant Bancorp worth $47,311,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Guerra Advisors Inc bought a new stake in Amerant Bancorp during the 3rd quarter valued at approximately $32,000. CWM LLC raised its stake in Amerant Bancorp by 153.4% during the 3rd quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after purchasing an additional 2,874 shares during the period. Tower Research Capital LLC TRC raised its stake 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 valued at $91,000 after purchasing an additional 526 shares during the period. Raymond James Financial Inc. purchased a new position in Amerant Bancorp during the 2nd quarter valued at approximately $129,000. Finally, Aquatic Capital Management LLC purchased a new position in Amerant Bancorp during the 3rd quarter valued at approximately $143,000. Institutional investors own 42.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMTB shares. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a report on Friday, March 27th. Wall Street Zen cut Amerant Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Piper Sandler raised their price target on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods raised their price target on Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Finally, Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.67.

Amerant Bancorp Trading Down 1.7%

Shares of NYSE:AMTB opened at $22.26 on Friday. The firm has a fifty day moving average of $22.49 and a two-hundred day moving average of $20.92. The firm has a market capitalization of $875.73 million, a P/E ratio of 15.78 and a beta of 0.90. Amerant Bancorp Inc. has a 12-month low of $15.62 and a 12-month high of $24.38. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90.

Amerant Bancorp (NYSE:AMTB) last issued its earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share (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 analyst estimates of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. On average, equities analysts expect that Amerant Bancorp Inc. will post 1.76 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.6%. Amerant Bancorp’s dividend payout ratio (DPR) is 25.53%.

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.