Amerant Bancorp (NASDAQ:AMTB) Hits New 52-Week Low - Here's What Happened

Shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $18.34 and last traded at $18.63, with a volume of 33574 shares trading hands. The stock had previously closed at $20.89.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMTB shares. Keefe, Bruyette & Woods upped their target price on shares of Amerant Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Stephens reissued an "overweight" rating and issued a $29.00 target price 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

Amerant Bancorp Trading Down 2.3 %

The firm has a market capitalization of $722.70 million, a price-to-earnings ratio of -30.25 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. The firm's 50 day moving average is $21.97 and its 200 day moving average is $22.30.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, February 14th. Amerant Bancorp's dividend payout ratio (DPR) is -63.16%.

Hedge Funds Weigh In On Amerant Bancorp

A number of hedge funds have recently added to or reduced their stakes in AMTB. Sterling Capital Management LLC increased its stake in shares of Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock worth $26,000 after purchasing an additional 1,061 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Amerant Bancorp by 49.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock worth $87,000 after buying an additional 1,286 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Amerant Bancorp by 7.4% in the 4th quarter. Two Sigma Advisers LP now owns 21,800 shares of the company's stock valued at $489,000 after purchasing an additional 1,500 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Amerant Bancorp by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company's stock worth $497,000 after buying an additional 1,705 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Amerant Bancorp by 6.8% in the fourth quarter. Legal & General Group Plc now owns 31,606 shares of the company's stock worth $708,000 after purchasing an additional 2,003 shares in the last quarter. Institutional investors and hedge funds own 42.11% of the company's stock.

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.