Amerant Bancorp (NASDAQ:AMTB) Insider Acquires $21,740.00 in Stock

Amerant Bancorp Inc. (NASDAQ:AMTB) insider Carlos Iafigliola purchased 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were acquired at an average price of $21.74 per share, for a total transaction of $21,740.00. Following the purchase, the insider owned 15,964 shares in the company, valued at $347,057.36. The trade was a 6.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Amerant Bancorp Stock Up 0.1%

Shares of NASDAQ:AMTB traded up $0.03 on Friday, reaching $21.76. The company had a trading volume of 344,068 shares, compared to its average volume of 272,383. The stock has a market capitalization of $897.95 million, a P/E ratio of -38.18 and a beta of 1.03. The stock has a 50-day moving average price of $20.09 and a 200 day moving average price of $19.58. Amerant Bancorp Inc. has a twelve month low of $15.62 and a twelve month high of $24.30. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

Amerant Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, February 13th. Amerant Bancorp’s payout ratio is 28.80%.

Institutional Investors Weigh In On Amerant Bancorp

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Amerant Bancorp by 0.3% during the third quarter. Wellington Management Group LLP now owns 5,732,375 shares of the company’s stock worth $110,463,000 after purchasing an additional 19,426 shares in the last quarter. Vanguard Group Inc. raised its stake in Amerant Bancorp by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock worth $47,311,000 after buying an additional 206,874 shares during the period. Patriot Financial Partners GP II L.P. bought a new position in Amerant Bancorp during the third quarter worth about $44,621,000. Dimensional Fund Advisors LP grew its stake in Amerant Bancorp by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,335,719 shares of the company’s stock valued at $25,740,000 after acquiring an additional 25,149 shares during the period. Finally, Geode Capital Management LLC grew its stake in Amerant Bancorp by 0.3% in the second quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock valued at $15,602,000 after acquiring an additional 2,929 shares during the period. Institutional investors own 42.11% of the company’s stock.

Analyst Ratings Changes

AMTB has been the topic of a number of research reports. Piper Sandler upped their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday. Raymond James Financial boosted their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.75.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full?service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small? to medium?sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.