Amerant Bancorp Inc. (NASDAQ:AMTB) CAO Armando Fleitas Sells 6,240 Shares

Amerant Bancorp Inc. (NASDAQ:AMTB) CAO Armando Fleitas sold 6,240 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $22.59, for a total transaction of $140,961.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,594 shares of the company’s stock, valued at $126,368.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Amerant Bancorp Stock Up 0.8 %

Shares of NASDAQ AMTB opened at $22.31 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 12 month low of $16.63 and a 12 month high of $26.13. The firm has a market capitalization of $752.29 million, a price-to-earnings ratio of 32.81 and a beta of 0.96. The business has a 50-day moving average of $22.35 and a 200-day moving average of $22.52.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Amerant Bancorp had a return on equity of 7.65% and a net margin of 3.51%. The company had revenue of $92.46 million during the quarter, compared to analysts’ expectations of $91.76 million. During the same period in the prior year, the firm earned $0.59 EPS. Sell-side analysts expect that Amerant Bancorp Inc. will post 1.72 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.61%. Amerant Bancorp’s dividend payout ratio is presently 52.94%.

Hedge Funds Weigh In On Amerant Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Amerant Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company’s stock worth $37,710,000 after buying an additional 10,835 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Amerant Bancorp by 89.8% in the 1st quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company’s stock valued at $308,000 after purchasing an additional 6,261 shares in the last quarter. Salzhauer Michael boosted its stake in shares of Amerant Bancorp by 66.7% in the 1st quarter. Salzhauer Michael now owns 24,988 shares of the company’s stock valued at $582,000 after purchasing an additional 10,000 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Amerant Bancorp by 9.4% in the 4th quarter. Wellington Management Group LLP now owns 3,113,483 shares of the company’s stock valued at $76,498,000 after purchasing an additional 267,466 shares in the last quarter. Finally, Mendon Capital Advisors Corp purchased a new stake in shares of Amerant Bancorp in the 4th quarter valued at $3,563,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their price objective on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd.

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.