Amerant Bancorp (NASDAQ:AMTB) Sees Strong Trading Volume

Amerant Bancorp Inc. (NASDAQ:AMTB) saw an uptick in trading volume on Tuesday . 90,913 shares traded hands during trading, a decline of 6% from the previous session’s volume of 97,107 shares.The stock last traded at $25.54 and had previously closed at $25.01.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Janney Montgomery Scott assumed coverage on Amerant Bancorp in a research report on Tuesday, June 18th. They set a “buy” rating and a $25.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Amerant Bancorp presently has a consensus rating of “Hold” and a consensus target price of $25.60.

Amerant Bancorp Price Performance

The firm has a market cap of $897.29 million, a P/E ratio of 15.57 and a beta of 1.01. The business has a 50-day simple moving average of $22.43 and a 200 day simple moving average of $22.46. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.95 and a current ratio of 0.96.

Amerant Bancorp (NASDAQ:AMTB) last announced 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 business had revenue of $92.46 million during the quarter, compared to analysts’ expectations of $91.76 million. During the same period in the previous year, the business earned $0.59 EPS. On average, analysts anticipate that Amerant Bancorp Inc. will post 1.64 earnings per share for the current fiscal year.

Amerant Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were issued a $0.09 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.36 annualized dividend and a yield of 1.35%. Amerant Bancorp’s dividend payout ratio (DPR) is presently 52.94%.

Insiders Place Their Bets

In related news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total transaction of $239,296.98. Following the sale, the chief operating officer now directly owns 9,961 shares in the company, valued at $225,317.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amerant Bancorp news, CAO Armando Fleitas sold 6,240 shares of the firm’s stock in a transaction that occurred 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 owns 5,594 shares of the company’s stock, valued at $126,368.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Carlos Iafigliola sold 10,579 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total value of $239,296.98. Following the completion of the sale, the chief operating officer now directly owns 9,961 shares in the company, valued at $225,317.82. The disclosure for this sale can be found here. Company insiders own 13.49% of the company’s stock.

Hedge Funds Weigh In On Amerant Bancorp

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Amerant Bancorp by 9.4% during the 4th quarter. Wellington Management Group LLP now owns 3,113,483 shares of the company’s stock valued at $76,498,000 after acquiring an additional 267,466 shares during the last quarter. Mendon Capital Advisors Corp bought a new position in Amerant Bancorp in the fourth quarter valued at about $3,563,000. American Century Companies Inc. boosted its position in Amerant Bancorp by 11.9% in the third quarter. American Century Companies Inc. now owns 294,268 shares of the company’s stock worth $5,132,000 after purchasing an additional 31,391 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Amerant Bancorp by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,559,080 shares of the company’s stock valued at $27,190,000 after purchasing an additional 20,214 shares during the last quarter. Finally, Salzhauer Michael lifted 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 worth $582,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 42.11% of the company’s stock.

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.