Charles Schwab Investment Management Inc. grew its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 301,142 shares of the company's stock after buying an additional 30,219 shares during the period. Charles Schwab Investment Management Inc. owned 0.72% of Amerant Bancorp worth $6,749,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its position in Amerant Bancorp by 121.2% during the 3rd quarter. Barclays PLC now owns 67,916 shares of the company's stock valued at $1,452,000 after buying an additional 37,208 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Amerant Bancorp by 13.6% during the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock valued at $15,697,000 after acquiring an additional 87,696 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Amerant Bancorp by 47.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock worth $10,745,000 after purchasing an additional 154,466 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Amerant Bancorp by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company's stock worth $497,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Angel Oak Capital Advisors LLC bought a new position in Amerant Bancorp in the 4th quarter worth about $336,000. 42.11% of the stock is owned by hedge funds and other institutional investors.
Amerant Bancorp Stock Performance
AMTB traded down $0.65 during midday trading on Friday, hitting $20.62. 278,511 shares of the company traded hands, compared to its average volume of 172,679. The company's 50-day moving average is $22.44 and its 200 day moving average is $22.38. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $864.56 million, a PE ratio of -36.18 and a beta of 1.06. Amerant Bancorp Inc. has a 52 week low of $18.54 and a 52 week high of $27.00.
Amerant Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.75%. Amerant Bancorp's dividend payout ratio (DPR) is -63.16%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on AMTB. Keefe, Bruyette & Woods lifted their target price on shares of Amerant Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a report on Monday, January 27th. Stephens restated an "overweight" rating and issued a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.00.
Check Out Our Latest Research Report on Amerant Bancorp
About Amerant Bancorp
(
Free Report)
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.
Further Reading
Before you consider Amerant Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amerant Bancorp wasn't on the list.
While Amerant Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
