Angel Oak Capital Advisors LLC Purchases New Shares in Amerant Bancorp Inc. (NASDAQ:AMTB)

Angel Oak Capital Advisors LLC acquired a new stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,000 shares of the company's stock, valued at approximately $336,000. Amerant Bancorp accounts for about 0.4% of Angel Oak Capital Advisors LLC's investment portfolio, making the stock its 22nd largest position.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Amerant Bancorp during the third quarter valued at about $65,000. US Bancorp DE grew its position in shares of Amerant Bancorp by 655.8% during the third quarter. US Bancorp DE now owns 3,212 shares of the company's stock worth $69,000 after purchasing an additional 2,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amerant Bancorp by 74.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company's stock valued at $193,000 after purchasing an additional 3,845 shares during the period. Quadrature Capital Ltd purchased a new position in Amerant Bancorp in the 3rd quarter worth approximately $247,000. Finally, Creative Planning lifted its holdings in Amerant Bancorp by 7.6% in the 3rd quarter. Creative Planning now owns 11,974 shares of the company's stock worth $256,000 after purchasing an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 42.11% of the company's stock.

Amerant Bancorp Price Performance

AMTB traded down $0.96 during trading hours on Friday, hitting $22.70. The company's stock had a trading volume of 208,476 shares, compared to its average volume of 194,682. The stock has a market cap of $955.64 million, a price-to-earnings ratio of -39.82 and a beta of 1.02. The business's 50-day moving average price is $22.72 and its 200-day moving average price is $22.21. 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 12 month low of $18.54 and a 12 month high of $27.00.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.59%. Amerant Bancorp's dividend payout ratio (DPR) is presently -63.16%.

Wall Street Analyst Weigh In

AMTB has been the subject of a number of research analyst reports. Stephens reaffirmed an "overweight" rating and set a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Finally, Piper Sandler boosted their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Amerant Bancorp 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.