JPMorgan Chase & Co. Increases Stake in Amerant Bancorp Inc. (NASDAQ:AMTB)

JPMorgan Chase & Co. increased its position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 588.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,088 shares of the company's stock after purchasing an additional 136,827 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of Amerant Bancorp worth $3,588,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Amerant Bancorp by 121.2% during the 3rd quarter. Barclays PLC now owns 67,916 shares of the company's stock worth $1,452,000 after buying an additional 37,208 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $15,697,000 after acquiring an additional 87,696 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Amerant Bancorp by 47.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock worth $10,745,000 after acquiring an additional 154,466 shares in the last quarter. Intech Investment Management LLC purchased a new position in Amerant Bancorp during the 4th quarter valued at about $269,000. Finally, Angel Oak Capital Advisors LLC bought a new stake in shares of Amerant Bancorp in the 4th quarter valued at about $336,000. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMTB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective 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. Raymond James cut Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research report on Thursday. Finally, Stephens reissued an "overweight" rating and issued a $29.00 price target on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Amerant Bancorp currently has an average rating of "Hold" and a consensus target price of $27.00.

Amerant Bancorp Stock Down 0.6 %

AMTB traded down $0.10 during trading on Friday, hitting $16.83. The stock had a trading volume of 44,097 shares, compared to its average volume of 183,488. The stock has a 50 day simple moving average of $20.45 and a two-hundred day simple moving average of $22.01. 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 twelve month low of $16.21 and a twelve month high of $27.00. The company has a market capitalization of $705.51 million, a PE ratio of -29.52 and a beta of 1.05.

Amerant Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.14%. Amerant Bancorp's payout ratio is -60.00%.

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.