Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 121.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 67,916 shares of the company's stock after purchasing an additional 37,208 shares during the period. Barclays PLC owned approximately 0.20% of Amerant Bancorp worth $1,452,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMTB. Quantbot Technologies LP purchased a new position in shares of Amerant Bancorp during the third quarter worth $65,000. US Bancorp DE raised its holdings in shares of Amerant Bancorp by 655.8% in the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company's stock valued at $69,000 after buying an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Amerant Bancorp by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company's stock worth $117,000 after acquiring an additional 1,197 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Amerant Bancorp during the 3rd quarter valued at about $247,000. Finally, Renaissance Technologies LLC acquired a new position in Amerant Bancorp in the 2nd quarter valued at about $250,000. Institutional investors and hedge funds own 42.11% of the company's stock.

Amerant Bancorp Stock Down 1.4 %

Shares of NASDAQ AMTB traded down $0.32 during midday trading on Friday, hitting $22.33. 144,793 shares of the company's stock were exchanged, compared to its average volume of 150,954. The firm's fifty day simple moving average is $23.48 and its 200-day simple moving average is $22.29. The company has a market cap of $940.27 million, a PE ratio of -15.09 and a beta of 1.01. Amerant Bancorp Inc. has a twelve month low of $18.54 and a twelve month high of $27.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The company had revenue of ($999.00) million during the quarter, compared to the consensus estimate of $99.39 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Research analysts predict that Amerant Bancorp Inc. will post 1.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.61%. The ex-dividend date was Thursday, November 14th. Amerant Bancorp's dividend payout ratio (DPR) is -24.32%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMTB. Raymond James reduced their price target 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 increased 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. Stephens upgraded shares of Amerant Bancorp from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $24.00 to $25.00 in a research note on Monday, September 30th. Finally, Keefe, Bruyette & Woods increased their price objective on Amerant Bancorp from $24.00 to $28.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Amerant Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $26.40.

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.