State Street Corp Purchases 61,056 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

State Street Corp raised its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,835 shares of the company's stock after acquiring an additional 61,056 shares during the quarter. State Street Corp owned approximately 2.42% of Amerant Bancorp worth $17,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Amerant Bancorp in the 3rd quarter worth about $65,000. US Bancorp DE grew its position 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 acquiring an additional 2,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Amerant Bancorp by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company's stock worth $117,000 after purchasing an additional 1,197 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Amerant Bancorp during the 3rd quarter valued at $247,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Amerant Bancorp in the 2nd quarter valued at $250,000. Hedge funds and other institutional investors own 42.11% of the company's stock.

Amerant Bancorp Stock Performance

Shares of Amerant Bancorp stock remained flat at $22.62 during trading on Wednesday. The stock had a trading volume of 90,937 shares, compared to its average volume of 151,151. Amerant Bancorp Inc. has a twelve month low of $18.54 and a twelve month high of $27.00. 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 company has a market cap of $952.48 million, a price-to-earnings ratio of -15.28 and a beta of 1.01. The stock has a 50 day moving average price of $23.39 and a two-hundred day moving average price of $22.27.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. The company had revenue of ($999.00) million for the quarter, compared to the consensus estimate of $99.39 million. During the same period in the previous year, the business posted $0.64 EPS. Sell-side analysts anticipate that Amerant Bancorp Inc. will post 1.22 EPS for the current year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Thursday, November 14th. Amerant Bancorp's dividend payout ratio (DPR) is presently -24.32%.

Analyst Upgrades and Downgrades

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