Y Intercept Hong Kong Ltd Makes New Investment in Amerant Bancorp Inc. (NASDAQ:AMTB)

Y Intercept Hong Kong Ltd bought a new position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,544 shares of the company's stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Amerant Bancorp in the 3rd quarter worth approximately $65,000. US Bancorp DE raised its holdings in shares of Amerant Bancorp by 655.8% during the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company's stock valued at $69,000 after purchasing an additional 2,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 purchasing an additional 3,845 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Amerant Bancorp during the 3rd quarter valued at $247,000. Finally, Creative Planning raised its holdings in shares of Amerant Bancorp by 7.6% during the 3rd quarter. Creative Planning now owns 11,974 shares of the company's stock valued at $256,000 after purchasing an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 42.11% of the company's stock.

Amerant Bancorp Stock Performance

NASDAQ:AMTB traded down $0.06 during midday trading on Friday, reaching $21.67. The stock had a trading volume of 187,546 shares, compared to its average volume of 162,968. Amerant Bancorp Inc. has a 1-year low of $18.54 and a 1-year high of $27.00. The firm's fifty day simple moving average is $22.56 and its 200-day simple moving average is $22.41. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market capitalization of $912.27 million, a P/E ratio of -38.01 and a beta of 1.06.

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Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.66%. Amerant Bancorp's payout ratio is presently -63.16%.

Wall Street Analysts Forecast Growth

AMTB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Stephens restated an "overweight" rating and set a $29.00 price target on shares of Amerant Bancorp in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.00.

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.