Amerant Bancorp (NASDAQ:AMTB) Given New $20.00 Price Target at Keefe, Bruyette & Woods

Amerant Bancorp (NASDAQ:AMTB - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $24.00 to $20.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a market perform rating on the stock.

AMTB has been the subject of a number of other research reports. Stephens reiterated an "overweight" rating and set a $29.00 price target on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Raymond James downgraded Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.60.

Amerant Bancorp Stock Up 0.9 %

AMTB stock traded up $0.15 during mid-day trading on Friday, reaching $16.96. 224,945 shares of the company traded hands, compared to its average volume of 185,180. The stock has a market cap of $710.96 million, a price-to-earnings ratio of -29.75 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 has a fifty-two week low of $16.21 and a fifty-two week high of $27.00. The firm's 50 day moving average price is $20.17 and its 200 day moving average price is $21.99.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.09 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.12%. Amerant Bancorp's payout ratio is presently -60.00%.

Hedge Funds Weigh In On Amerant Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in Amerant Bancorp by 160.4% during the first quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock valued at $25,000 after purchasing an additional 746 shares during the period. Sterling Capital Management LLC increased its holdings in Amerant Bancorp by 1,000.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock worth $26,000 after acquiring an additional 1,061 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in 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 acquiring an additional 1,286 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Amerant Bancorp during the 4th quarter valued at about $148,000. Finally, Point72 Asset Management L.P. purchased a new position in Amerant Bancorp during the 4th quarter valued at about $199,000. Hedge funds and other institutional investors 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.