Quantbot Technologies LP Takes $65,000 Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Quantbot Technologies LP purchased a new position in Amerant Bancorp Inc. (NASDAQ:AMTB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,057 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE boosted its stake 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 worth $69,000 after purchasing an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $117,000 after buying an additional 1,197 shares during the period. SG Americas Securities LLC bought a new position in shares of Amerant Bancorp during the second quarter valued at approximately $199,000. Renaissance Technologies LLC purchased a new stake in shares of Amerant Bancorp in the second quarter worth approximately $250,000. Finally, Creative Planning lifted its stake in shares of Amerant Bancorp by 7.6% during the 3rd quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after acquiring an additional 850 shares during the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Up 1.7 %

NASDAQ:AMTB opened at $25.61 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. Amerant Bancorp Inc. has a 1-year low of $18.54 and a 1-year high of $27.00. The company has a 50-day moving average of $22.52 and a 200 day moving average of $22.11. The firm has a market cap of $1.08 billion, a PE ratio of -17.30 and a beta of 1.01.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of ($999.00) million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.64 EPS. As a group, research analysts anticipate that Amerant Bancorp Inc. will post 1.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. Amerant Bancorp’s dividend payout ratio is presently -24.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday. Piper Sandler upped their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Stephens upgraded shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $24.00 to $25.00 in a report on Monday, September 30th. Finally, Raymond James dropped their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.40.

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.