Amerant Bancorp Inc. (NASDAQ:AMTB) Stake Reduced by Curi RMB Capital LLC

Curi RMB Capital LLC decreased its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 364,290 shares of the company's stock after selling 24,029 shares during the quarter. Curi RMB Capital LLC owned about 0.87% of Amerant Bancorp worth $8,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMTB. Marshall Wace LLP acquired a new stake in shares of Amerant Bancorp in the fourth quarter worth approximately $935,000. Jump Financial LLC purchased a new stake in shares of Amerant Bancorp during the 4th quarter valued at $565,000. Barclays PLC increased its holdings in shares of Amerant Bancorp by 26.4% during the 4th quarter. Barclays PLC now owns 85,830 shares of the company's stock worth $1,923,000 after buying an additional 17,914 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of 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 buying an additional 1,286 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock valued at $26,000 after acquiring an additional 1,061 shares during the last quarter. Hedge funds and other institutional investors own 42.11% of the company's stock.

Analysts Set New Price Targets

AMTB has been the topic of several research reports. Raymond James lowered shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday. Keefe, Bruyette & Woods raised their target price on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Finally, Stephens reaffirmed an "overweight" rating and set a $29.00 price target on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.00.

Amerant Bancorp Stock Down 13.1 %

AMTB stock traded down $2.55 during trading on Thursday, reaching $16.93. The stock had a trading volume of 534,928 shares, compared to its average volume of 183,626. Amerant Bancorp Inc. has a 1-year low of $16.37 and a 1-year high of $27.00. The company has a market capitalization of $709.71 million, a P/E ratio of -29.70 and a beta of 1.05. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The firm has a fifty day moving average price of $20.59 and a 200 day moving average price of $22.03.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, May 15th. Amerant Bancorp's dividend payout ratio is currently -63.16%.

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.