Intech Investment Management LLC Takes $269,000 Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Intech Investment Management LLC acquired a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,006 shares of the company's stock, valued at approximately $269,000.

A number of other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Amerant Bancorp by 74.1% in the 3rd quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company's stock valued at $120,585,000 after purchasing an additional 2,401,027 shares in the last quarter. State Street Corp increased its holdings in Amerant Bancorp by 8.2% in the third quarter. State Street Corp now owns 807,835 shares of the company's stock valued at $17,263,000 after buying an additional 61,056 shares during the last quarter. Geode Capital Management LLC raised its stake in Amerant Bancorp by 13.6% in the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock valued at $15,697,000 after buying an additional 87,696 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Amerant Bancorp during the 3rd quarter worth about $13,613,000. Finally, Azora Capital LP acquired a new position in shares of Amerant Bancorp during the 3rd quarter worth about $11,495,000. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMTB shares. Keefe, Bruyette & Woods boosted their target price on Amerant Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Stephens reissued an "overweight" rating and set a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amerant Bancorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

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Amerant Bancorp Stock Performance

Shares of AMTB traded down $0.65 during midday trading on Friday, reaching $20.62. 278,511 shares of the stock were exchanged, compared to its average volume of 172,944. The company has a market capitalization of $864.56 million, a price-to-earnings ratio of -36.18 and a beta of 1.06. 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 business's 50-day moving average price is $22.40 and its 200 day moving average price is $22.40.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.75%. Amerant Bancorp's dividend payout ratio (DPR) is presently -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.