Geode Capital Management LLC Raises Stock Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

Geode Capital Management LLC increased its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734,376 shares of the company's stock after acquiring an additional 87,696 shares during the period. Geode Capital Management LLC owned about 2.20% of Amerant Bancorp worth $15,697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMTB. Creative Planning lifted its position in shares of Amerant Bancorp by 7.6% during the third quarter. Creative Planning now owns 11,974 shares of the company's stock worth $256,000 after purchasing an additional 850 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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 buying an additional 1,197 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Amerant Bancorp by 23.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company's stock worth $272,000 after buying an additional 2,316 shares in the last quarter. US Bancorp DE boosted its position in 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. Finally, Quantbot Technologies LP purchased a new position in Amerant Bancorp in the 3rd quarter valued at approximately $65,000. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Up 0.5 %

NASDAQ AMTB traded up $0.11 during trading on Monday, reaching $22.44. 101,503 shares of the company's stock were exchanged, compared to its average volume of 150,756. The company has a 50 day moving average price of $23.51 and a two-hundred day moving average price of $22.30. The stock has a market cap of $944.90 million, a P/E ratio of -15.16 and a beta of 1.01. Amerant Bancorp Inc. has a 1 year low of $18.54 and a 1 year high of $27.00. 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 (NASDAQ:AMTB - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $99.39 million. During the same period in the previous year, the company earned $0.64 earnings per share. On average, equities research analysts anticipate that Amerant Bancorp Inc. will post 1.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.60%. Amerant Bancorp's dividend payout ratio (DPR) is -24.32%.

Wall Street Analysts Forecast Growth

AMTB has been the topic of a number of recent research reports. Stephens raised Amerant Bancorp from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Keefe, Bruyette & Woods upped their price target on Amerant Bancorp from $24.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Raymond James decreased their price objective 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. Finally, Piper Sandler upped their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.40.

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.