Endeavour Capital Advisors Inc. Sells 58,647 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Endeavour Capital Advisors Inc. lessened its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 241,353 shares of the company's stock after selling 58,647 shares during the quarter. Amerant Bancorp accounts for 1.7% of Endeavour Capital Advisors Inc.'s investment portfolio, making the stock its 18th biggest position. Endeavour Capital Advisors Inc. owned 0.57% of Amerant Bancorp worth $5,409,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Amerant Bancorp during the 3rd quarter valued at $65,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Amerant Bancorp during the fourth quarter worth about $148,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amerant Bancorp by 74.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company's stock worth $193,000 after purchasing an additional 3,845 shares during the last quarter. Arizona State Retirement System purchased a new position in Amerant Bancorp during the 4th quarter valued at about $220,000. Finally, Quadrature Capital Ltd bought a new position in Amerant Bancorp during the 3rd quarter valued at approximately $247,000. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Stock Down 0.5 %

Shares of AMTB traded down $0.09 on Monday, reaching $17.50. The stock had a trading volume of 60,007 shares, compared to its average volume of 175,509. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp Inc. has a 12-month low of $16.55 and a 12-month high of $27.00. The firm has a market capitalization of $733.77 million, a price-to-earnings ratio of -30.77 and a beta of 1.05. The company has a 50-day simple moving average of $22.09 and a 200-day simple moving average of $22.33.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.09 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.06%. Amerant Bancorp's payout ratio is -63.16%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMTB. Stephens reiterated an "overweight" rating and issued a $29.00 price objective on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Amerant Bancorp Company 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.