Curi RMB Capital LLC boosted its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 94.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 388,319 shares of the company's stock after acquiring an additional 188,319 shares during the quarter. Curi RMB Capital LLC owned approximately 1.16% of Amerant Bancorp worth $8,298,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMTB. US Bancorp DE lifted its stake 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 purchasing an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Amerant Bancorp by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company's stock valued at $117,000 after buying an additional 1,197 shares during the period. SG Americas Securities LLC bought a new position in Amerant Bancorp during the second quarter worth about $199,000. Renaissance Technologies LLC acquired a new position in shares of Amerant Bancorp during the 2nd quarter worth about $250,000. Finally, Creative Planning grew its position in shares of Amerant Bancorp by 7.6% during the 3rd quarter. Creative Planning now owns 11,974 shares of the company's stock worth $256,000 after buying an additional 850 shares during the period. Institutional investors and hedge funds own 42.11% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on AMTB. Keefe, Bruyette & Woods lowered their target price on shares of Amerant Bancorp from $26.00 to $24.00 and set a "market perform" rating for the company in a research note on Monday, July 29th. Janney Montgomery Scott lowered Amerant Bancorp from a "buy" rating to a "neutral" rating and set a $25.00 target price on the stock. in a report on Friday, July 26th. Stephens upgraded Amerant Bancorp from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $24.00 to $25.00 in a report on Monday, September 30th. Piper Sandler lifted their price objective on Amerant Bancorp from $26.50 to $29.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, Raymond James lowered their target price on Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Amerant Bancorp presently has an average rating of "Moderate Buy" and an average target price of $25.60.
Check Out Our Latest Stock Report on Amerant Bancorp
Amerant Bancorp Stock Performance
NASDAQ AMTB traded down $0.14 during trading on Friday, reaching $23.86. 144,267 shares of the company's stock were exchanged, compared to its average volume of 135,301. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The business has a 50 day moving average price of $21.35 and a 200-day moving average price of $21.88. The stock has a market capitalization of $797.57 million, a P/E ratio of -16.12 and a beta of 0.99. Amerant Bancorp Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $27.00.
Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of ($999.00) million for the quarter, compared to the consensus estimate of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. During the same period in the previous year, the company earned $0.64 earnings per share. Sell-side analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.
Amerant Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, November 14th. Amerant Bancorp's dividend payout ratio is presently -24.32%.
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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