Barclays PLC raised its position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 121.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 67,916 shares of the company's stock after buying an additional 37,208 shares during the period. Barclays PLC owned about 0.16% of Amerant Bancorp worth $1,452,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also modified their holdings of AMTB. Teachers Retirement System of The State of Kentucky bought a new position in Amerant Bancorp during the 3rd quarter worth approximately $2,658,000. Geode Capital Management LLC raised its position in Amerant Bancorp by 13.6% in the 3rd quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock valued at $15,697,000 after buying an additional 87,696 shares during the last quarter. Wellington Management Group LLP lifted its stake in Amerant Bancorp by 74.1% in the 3rd quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company's stock valued at $120,585,000 after acquiring an additional 2,401,027 shares in the last quarter. State Street Corp grew its stake in shares of Amerant Bancorp by 8.2% during the 3rd quarter. State Street Corp now owns 807,835 shares of the company's stock worth $17,263,000 after acquiring an additional 61,056 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Amerant Bancorp in the third quarter valued at approximately $247,000. 42.11% of the stock is owned by institutional investors.
Amerant Bancorp Price Performance
Shares of NASDAQ:AMTB opened at $20.06 on Monday. The company has a 50-day moving average price of $23.58 and a two-hundred day moving average price of $22.32. The firm has a market capitalization of $844.69 million, a PE ratio of -13.55 and a beta of 1.03. 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 Inc. has a twelve month low of $18.54 and a twelve month high of $27.00.
Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. The company had revenue of ($999.00) million during the quarter, compared to analyst estimates of $99.39 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Equities analysts forecast that Amerant Bancorp Inc. will post 1.22 EPS for the current year.
Amerant Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.79%. Amerant Bancorp's dividend payout ratio is currently -24.32%.
Analyst Ratings Changes
AMTB has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on Amerant Bancorp from $24.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Raymond James dropped their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler lifted their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Stephens restated an "overweight" rating and issued a $29.00 price target on shares of Amerant Bancorp in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.20.
Check Out Our Latest Report on Amerant Bancorp
About Amerant Bancorp
(
Free Report)
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.
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