Rhumbline Advisers Buys 6,664 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Rhumbline Advisers raised its stake in Amerant Bancorp Inc. (NASDAQ:AMTB) by 14.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,809 shares of the company’s stock after purchasing an additional 6,664 shares during the period. Rhumbline Advisers owned 0.13% of Amerant Bancorp worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Creative Planning grew its position in shares of Amerant Bancorp by 7.6% in the 3rd quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after buying an additional 850 shares during the last quarter. US Bancorp DE boosted its stake in Amerant Bancorp by 655.8% in the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after acquiring an additional 2,787 shares in the last quarter. Curi RMB Capital LLC grew its holdings in Amerant Bancorp by 94.2% in the third quarter. Curi RMB Capital LLC now owns 388,319 shares of the company’s stock worth $8,298,000 after purchasing an additional 188,319 shares during the last quarter. Stieven Capital Advisors L.P. acquired a new position in shares of Amerant Bancorp during the third quarter worth $427,000. Finally, Foundry Partners LLC lifted its holdings in shares of Amerant Bancorp by 20.8% during the 3rd quarter. Foundry Partners LLC now owns 157,935 shares of the company’s stock valued at $3,375,000 after purchasing an additional 27,170 shares during the last quarter. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Price Performance

NASDAQ AMTB opened at $21.96 on Thursday. The company has a market cap of $924.69 million, a price-to-earnings ratio of -38.53 and a beta of 1.06. 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’s fifty day moving average price is $22.59 and its 200 day moving average price is $22.41. Amerant Bancorp Inc. has a 1 year low of $18.54 and a 1 year high of $27.00.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, February 14th. Amerant Bancorp’s dividend payout ratio is presently -63.16%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMTB. Keefe, Bruyette & Woods upped their target price on Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Stephens restated an “overweight” rating and set a $29.00 price target on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.