Hsbc Holdings PLC Takes Position in Amerant Bancorp Inc. $AMTB

Hsbc Holdings PLC bought a new stake in Amerant Bancorp Inc. (NYSE:AMTB) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 29,662 shares of the company’s stock, valued at approximately $583,000. Hsbc Holdings PLC owned 0.07% of Amerant Bancorp at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Amerant Bancorp by 1.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,309 shares of the company’s stock valued at $962,000 after buying an additional 473 shares during the period. Ameriprise Financial Inc. raised its position in shares of Amerant Bancorp by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock worth $2,807,000 after acquiring an additional 500 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after acquiring an additional 526 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Amerant Bancorp by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock worth $653,000 after acquiring an additional 617 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Amerant Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock valued at $454,000 after acquiring an additional 963 shares during the period. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Up 0.3%

Shares of NYSE AMTB opened at $25.70 on Thursday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 18.23 and a beta of 0.88. The company’s 50-day simple moving average is $23.73 and its 200-day simple moving average is $22.53. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. Amerant Bancorp Inc. has a 52-week low of $15.62 and a 52-week high of $26.33.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $177.94 million during the quarter, compared to the consensus estimate of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. Equities analysts predict that Amerant Bancorp Inc. will post 1.79 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 15th. Amerant Bancorp’s payout ratio is 25.53%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMTB. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research raised Amerant Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.67.

About Amerant Bancorp

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.