Teachers Retirement System of The State of Kentucky Makes New Investment in Amerant Bancorp Inc. (NASDAQ:AMTB)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 124,372 shares of the company's stock, valued at approximately $2,658,000. Teachers Retirement System of The State of Kentucky owned 0.30% of Amerant Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMTB. Quantbot Technologies LP acquired a new stake in shares of Amerant Bancorp in the 3rd quarter valued at $65,000. US Bancorp DE grew its holdings in Amerant Bancorp by 655.8% in the third quarter. US Bancorp DE now owns 3,212 shares of the company's stock worth $69,000 after purchasing an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Amerant Bancorp by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company's stock valued at $117,000 after buying an additional 1,197 shares in the last quarter. SG Americas Securities LLC bought a new stake in Amerant Bancorp during the 2nd quarter valued at $199,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Amerant Bancorp in the 3rd quarter worth about $247,000. 42.11% of the stock is owned by institutional investors and hedge funds.

Amerant Bancorp Stock Up 1.5 %

AMTB stock traded up $0.37 during midday trading on Monday, hitting $24.89. The stock had a trading volume of 187,498 shares, compared to its average volume of 144,708. The business has a 50-day moving average of $22.96 and a two-hundred day moving average of $22.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -16.82 and a beta of 1.01. Amerant Bancorp Inc. has a 52-week low of $18.54 and a 52-week high of $27.00.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The business had revenue of ($999.00) million for the quarter, compared to analysts' expectations of $99.39 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. As a group, equities research analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.

Amerant Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.45%. Amerant Bancorp's payout ratio is presently -24.32%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler raised their price objective on Amerant Bancorp from $26.50 to $29.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Raymond James cut their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price target on shares of Amerant Bancorp from $24.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Stephens upgraded shares of Amerant Bancorp from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Amerant Bancorp has a consensus rating of "Moderate Buy" and an average price target of $26.40.

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.