US Bancorp DE Raises Stock Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

US Bancorp DE raised its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 655.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,212 shares of the company’s stock after purchasing an additional 2,787 shares during the period. US Bancorp DE’s holdings in Amerant Bancorp were worth $69,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amerant Bancorp by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock worth $117,000 after purchasing an additional 1,197 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Amerant Bancorp during the second quarter worth $199,000. Renaissance Technologies LLC acquired a new stake in shares of Amerant Bancorp in the second quarter valued at about $250,000. Creative Planning lifted its stake in shares of Amerant Bancorp by 7.6% in the third quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after buying an additional 850 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Amerant Bancorp by 23.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock worth $272,000 after buying an additional 2,316 shares in the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

NASDAQ:AMTB opened at $23.86 on Monday. The company has a market capitalization of $1.00 billion, a P/E ratio of -16.12 and a beta of 0.99. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 52 week low of $18.54 and a 52 week high of $27.00. The stock’s fifty day moving average is $21.41 and its two-hundred day moving average is $21.90.

Amerant Bancorp (NASDAQ:AMTB) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. During the same period in the previous year, the firm earned $0.64 EPS. Equities analysts expect that Amerant Bancorp Inc. will post 1.22 EPS for the current year.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. Amerant Bancorp’s dividend payout ratio is currently -24.32%.

Analysts Set New Price Targets

AMTB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a report on Monday, July 29th. Stephens upgraded Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Janney Montgomery Scott cut Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 target price for the company. in a report on Friday, July 26th. Piper Sandler lifted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Raymond James cut their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Two investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.60.

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.