Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB) by 50.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,467 shares of the company’s stock after purchasing an additional 7,877 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Amerant Bancorp worth $526,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Amerant Bancorp by 74.1% during the third quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock worth $120,585,000 after buying an additional 2,401,027 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Amerant Bancorp in the 3rd quarter valued at approximately $13,613,000. Azora Capital LP acquired a new position in shares of Amerant Bancorp in the third quarter valued at approximately $11,495,000. Verition Fund Management LLC acquired a new position in shares of Amerant Bancorp in the third quarter valued at approximately $7,392,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Amerant Bancorp during the third quarter worth approximately $6,945,000. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Trading Up 0.1 %

NASDAQ:AMTB opened at $23.10 on Friday. The stock has a market capitalization of $972.74 million, a price-to-earnings ratio of -40.53 and a beta of 1.03. Amerant Bancorp Inc. has a 1 year low of $18.54 and a 1 year high of $27.00. The stock has a fifty day moving average price of $23.21 and a two-hundred day moving average price of $22.28. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, February 14th. Amerant Bancorp’s dividend payout ratio is currently -63.16%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMTB. Piper Sandler lifted their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Stephens reissued an “overweight” rating and set a $29.00 price target on shares of Amerant Bancorp in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Amerant Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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.