Sei Investments Co. Acquires 115,090 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Sei Investments Co. increased its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 749.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,453 shares of the company's stock after acquiring an additional 115,090 shares during the quarter. Sei Investments Co. owned about 0.31% of Amerant Bancorp worth $2,923,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP lifted its holdings in Amerant Bancorp by 997.7% during the fourth quarter. Quantbot Technologies LP now owns 33,556 shares of the company's stock worth $752,000 after acquiring an additional 30,499 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Amerant Bancorp during the 4th quarter valued at about $269,000. Arizona State Retirement System bought a new stake in Amerant Bancorp during the 4th quarter worth approximately $220,000. Charles Schwab Investment Management Inc. raised its holdings in Amerant Bancorp by 11.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 301,142 shares of the company's stock worth $6,749,000 after buying an additional 30,219 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Amerant Bancorp by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 144,746 shares of the company's stock valued at $3,244,000 after buying an additional 9,893 shares in the last quarter. Institutional investors and hedge funds own 42.11% of the company's stock.

Amerant Bancorp Stock Up 6.7 %

Shares of AMTB stock traded up $1.16 during trading on Wednesday, reaching $18.50. The company's stock had a trading volume of 294,024 shares, compared to its average volume of 177,545. Amerant Bancorp Inc. has a one year low of $16.55 and a one year high of $27.00. The business has a fifty day moving average price of $21.55 and a 200-day moving average price of $22.18. The company has a market cap of $775.69 million, a price-to-earnings ratio of -32.46 and a beta of 1.05. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid 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 dividend yield of 1.95%. Amerant Bancorp's dividend payout ratio is -63.16%.

Analyst Ratings Changes

AMTB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective 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 reissued an "overweight" rating and issued a $29.00 price target on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Two 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Amerant Bancorp Company Profile

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.