Kennedy Capital Management LLC Increases Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Kennedy Capital Management LLC boosted its stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 936,963 shares of the company's stock after purchasing an additional 268,486 shares during the quarter. Kennedy Capital Management LLC owned about 2.23% of Amerant Bancorp worth $20,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMTB. KLP Kapitalforvaltning AS acquired a new stake in shares of Amerant Bancorp in the 4th quarter worth about $148,000. Arizona State Retirement System purchased a new position in shares of Amerant Bancorp during the fourth quarter valued at approximately $220,000. Y Intercept Hong Kong Ltd bought a new stake in Amerant Bancorp during the fourth quarter worth $259,000. Quadrature Capital Ltd bought a new position in Amerant Bancorp during the 3rd quarter valued at $247,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Amerant Bancorp during the 4th quarter worth $263,000. Institutional investors own 42.11% of the company's stock.

Wall Street Analyst Weigh In

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

Amerant Bancorp Price Performance

NASDAQ:AMTB traded up $0.52 during mid-day trading on Tuesday, hitting $18.47. 34,149 shares of the stock traded hands, compared to its average volume of 178,994. Amerant Bancorp Inc. has a 12-month low of $16.55 and a 12-month high of $27.00. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market cap of $774.26 million, a PE ratio of -32.40 and a beta of 1.05. The business's 50-day moving average price is $21.25 and its 200 day moving average price is $22.13.

Amerant Bancorp Announces Dividend

The firm also recently declared 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 was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.95%. Amerant Bancorp's dividend payout ratio (DPR) is presently -63.16%.

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.