Trexquant Investment LP Purchases New Shares in Amerant Bancorp Inc. (NASDAQ:AMTB)

Trexquant Investment LP acquired a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 77,983 shares of the company's stock, valued at approximately $1,748,000. Trexquant Investment LP owned 0.19% of Amerant Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in 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 acquiring an additional 47,882 shares during the period. BNP Paribas Financial Markets increased its position in shares of Amerant Bancorp by 47.8% during the third quarter. BNP Paribas Financial Markets now owns 13,132 shares of the company's stock valued at $281,000 after purchasing an additional 4,246 shares during the period. Quadrature Capital Ltd acquired a new stake in Amerant Bancorp during the third quarter worth $247,000. State Street Corp boosted its stake in Amerant Bancorp by 8.2% during the third quarter. State Street Corp now owns 807,835 shares of the company's stock worth $17,263,000 after buying an additional 61,056 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in 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 buying an additional 2,401,027 shares during the period. Institutional investors and hedge funds own 42.11% of the company's stock.

Analyst Ratings Changes

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

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock traded up $0.20 during mid-day trading on Monday, reaching $17.94. 7,507 shares of the stock were exchanged, compared to its average volume of 178,937. The company has a market cap of $752.04 million, a price-to-earnings ratio of -31.47 and a beta of 1.05. Amerant Bancorp Inc. has a fifty-two week low of $16.55 and a fifty-two week high of $27.00. 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 firm has a 50-day simple moving average of $21.35 and a 200 day simple moving average of $22.15.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 14th. Amerant Bancorp's dividend payout ratio (DPR) is currently -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.