Barclays PLC Has $1.45 Million Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

Barclays PLC boosted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 121.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,916 shares of the company’s stock after acquiring an additional 37,208 shares during the period. Barclays PLC owned 0.20% of Amerant Bancorp worth $1,452,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMTB. Wellington Management Group LLP increased its stake in shares of Amerant Bancorp by 74.1% in the third quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock worth $120,585,000 after purchasing an additional 2,401,027 shares during the period. State Street Corp grew its holdings in Amerant Bancorp by 8.2% in the 3rd quarter. State Street Corp now owns 807,835 shares of the company’s stock valued at $17,263,000 after buying an additional 61,056 shares during the last quarter. Quadrature Capital Ltd bought a new position in Amerant Bancorp in the 3rd quarter worth approximately $247,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Amerant Bancorp during the third quarter worth approximately $13,613,000. Finally, Jacobs Asset Management LLC acquired a new position in shares of Amerant Bancorp during the third quarter worth approximately $2,564,000. 42.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMTB has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James reduced their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Finally, Stephens upgraded Amerant Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $24.00 to $25.00 in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.40.

Amerant Bancorp Trading Down 1.4 %

Shares of AMTB stock opened at $22.33 on Friday. The firm has a fifty day moving average of $23.48 and a 200-day moving average of $22.29. The stock has a market cap of $940.27 million, a price-to-earnings ratio of -15.09 and a beta of 1.01. Amerant Bancorp Inc. has a 52-week low of $18.54 and a 52-week high of $27.00. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The firm had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. During the same quarter last year, the company earned $0.64 earnings per share. On average, equities research analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, November 14th. Amerant Bancorp’s dividend payout ratio (DPR) is -24.32%.

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.