Quantbot Technologies LP Buys 30,499 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Quantbot Technologies LP boosted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 997.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,556 shares of the company's stock after buying an additional 30,499 shares during the quarter. Quantbot Technologies LP owned 0.08% of Amerant Bancorp worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Amerant Bancorp by 21.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company's stock valued at $5,790,000 after buying an additional 47,882 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Amerant Bancorp by 47.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,132 shares of the company's stock valued at $281,000 after acquiring an additional 4,246 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Amerant Bancorp by 74.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company's stock valued at $193,000 after acquiring an additional 3,845 shares during the period. Verition Fund Management LLC bought a new position in Amerant Bancorp in the 3rd quarter valued at $7,392,000. Finally, Banc Funds Co. LLC purchased a new stake in Amerant Bancorp in the third quarter worth $3,419,000. Institutional investors own 42.11% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMTB shares. Keefe, Bruyette & Woods upped 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 restated an "overweight" rating and issued a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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Amerant Bancorp Stock Down 3.0 %

Shares of Amerant Bancorp stock traded down $0.65 during trading on Friday, hitting $20.62. 278,511 shares of the stock traded hands, compared to its average volume of 172,944. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The stock's fifty day simple moving average is $22.40 and its 200 day simple moving average is $22.40. The firm has a market cap of $864.56 million, a P/E ratio of -36.18 and a beta of 1.06. Amerant Bancorp Inc. has a 52-week low of $18.54 and a 52-week high of $27.00.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, February 14th. Amerant Bancorp's dividend payout ratio (DPR) is -63.16%.

About Amerant Bancorp

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.