Foundry Partners LLC Buys 63,605 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Foundry Partners LLC grew its stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,540 shares of the company's stock after buying an additional 63,605 shares during the period. Foundry Partners LLC owned approximately 0.53% of Amerant Bancorp worth $4,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMTB. Barclays PLC lifted its position in Amerant Bancorp by 121.2% in the 3rd quarter. Barclays PLC now owns 67,916 shares of the company's stock worth $1,452,000 after buying an additional 37,208 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amerant Bancorp by 13.6% in the 3rd quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock worth $15,697,000 after acquiring an additional 87,696 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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 valued at $10,745,000 after purchasing an additional 154,466 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Amerant Bancorp during the 4th quarter valued at $269,000. Finally, JPMorgan Chase & Co. raised its position 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 during the period. Institutional investors own 42.11% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMTB shares. Stephens reaffirmed an "overweight" rating and set a $29.00 price objective on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price objective on Amerant Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Amerant Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Amerant Bancorp Trading Down 3.8 %

NASDAQ AMTB traded down $0.71 on Thursday, hitting $17.75. The company's stock had a trading volume of 109,319 shares, compared to its average volume of 177,312. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 52-week low of $16.55 and a 52-week high of $27.00. The firm has a market cap of $744.21 million, a P/E ratio of -30.99 and a beta of 1.05. The company's 50-day simple moving average is $21.55 and its 200 day simple moving average is $22.18.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.09 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 2.03%. Amerant Bancorp's dividend payout ratio (DPR) is presently -63.16%.

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.