Charles Schwab Investment Management Inc. Acquires 47,882 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Charles Schwab Investment Management Inc. grew its stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 21.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 270,923 shares of the company's stock after purchasing an additional 47,882 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of Amerant Bancorp worth $5,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Amerant Bancorp in the third quarter valued at approximately $6,945,000. Curi RMB Capital LLC raised its position in shares of Amerant Bancorp by 94.2% in the 3rd quarter. Curi RMB Capital LLC now owns 388,319 shares of the company's stock valued at $8,298,000 after acquiring an additional 188,319 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Amerant Bancorp by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company's stock worth $19,621,000 after purchasing an additional 72,028 shares in the last quarter. Foundry Partners LLC grew its stake in Amerant Bancorp by 20.8% in the third quarter. Foundry Partners LLC now owns 157,935 shares of the company's stock valued at $3,375,000 after acquiring an additional 27,170 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Amerant Bancorp by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 156,190 shares of the company's stock worth $3,546,000 after purchasing an additional 21,318 shares in the last quarter. Institutional investors own 42.11% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on AMTB shares. Keefe, Bruyette & Woods lifted their price target 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. Raymond James decreased their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Stephens upgraded Amerant Bancorp from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $24.00 to $25.00 in a research note on Monday, September 30th. Finally, Piper Sandler upped their target price on Amerant Bancorp from $26.50 to $29.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $26.40.

Amerant Bancorp Price Performance

AMTB traded down $0.31 during trading on Friday, hitting $24.52. 157,821 shares of the stock traded hands, compared to its average volume of 144,530. 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 Inc. has a twelve month low of $18.54 and a twelve month high of $27.00. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -16.57 and a beta of 1.01. The business has a 50 day moving average price of $22.88 and a 200 day moving average price of $22.19.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of ($999.00) million for the quarter, compared to analysts' expectations of $99.39 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, November 14th. Amerant Bancorp's dividend payout ratio (DPR) is currently -24.32%.

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.