Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 301,142 shares of the company’s stock after buying an additional 30,219 shares during the period. Charles Schwab Investment Management Inc. owned 0.72% of Amerant Bancorp worth $6,749,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AMTB. Wellington Management Group LLP boosted its position in 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 acquiring an additional 2,401,027 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Amerant Bancorp during the third quarter worth $13,613,000. Azora Capital LP purchased a new stake in shares of Amerant Bancorp in the third quarter valued at $11,495,000. Verition Fund Management LLC acquired a new position in Amerant Bancorp in the third quarter valued at $7,392,000. Finally, Peregrine Capital Management LLC purchased a new position in Amerant Bancorp during the fourth quarter worth about $5,327,000. 42.11% of the stock is owned by institutional investors and hedge funds.

Amerant Bancorp Price Performance

AMTB stock opened at $21.54 on Tuesday. The stock has a 50-day moving average price of $22.46 and a two-hundred day moving average price of $22.39. The company has a market cap of $903.00 million, a PE ratio of -37.79 and a beta of 1.06. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 12-month low of $18.54 and a 12-month high of $27.00.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, February 14th. Amerant Bancorp’s payout ratio is currently -63.16%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMTB shares. Stephens restated an “overweight” rating and issued a $29.00 price target on shares of Amerant Bancorp in a report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.