Amerant Bancorp (NASDAQ:AMTB) Director Acquires $101,087.84 in Stock

Amerant Bancorp Inc. (NASDAQ:AMTB) Director Odilon Almeida bought 4,816 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was acquired at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the acquisition, the director directly owned 5,316 shares in the company, valued at $111,582.84. The trade was a 963.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Amerant Bancorp Price Performance

AMTB stock opened at $21.76 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The business has a 50-day simple moving average of $20.17 and a two-hundred day simple moving average of $19.59. The company has a market capitalization of $897.95 million, a P/E ratio of -38.18 and a beta of 1.03. Amerant Bancorp Inc. has a 52-week low of $15.62 and a 52-week high of $24.30.

Amerant Bancorp Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, February 13th. Amerant Bancorp’s dividend payout ratio is presently 28.80%.

Analysts Set New Price Targets

Several analysts have recently commented on AMTB shares. Raymond James Financial increased their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased 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. Finally, Piper Sandler increased their price target on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.75.

Hedge Funds Weigh In On Amerant Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Amerant Bancorp by 83.0% in the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock valued at $466,000 after buying an additional 10,249 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Amerant Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock worth $454,000 after acquiring an additional 963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Amerant Bancorp by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company’s stock valued at $1,898,000 after acquiring an additional 5,434 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Amerant Bancorp by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 35,035 shares of the company’s stock valued at $639,000 after purchasing an additional 755 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Amerant Bancorp by 3.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 550,683 shares of the company’s stock worth $10,039,000 after purchasing an additional 16,943 shares during the period. 42.11% of the stock is owned by institutional investors.

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.