345,884 Shares in Amerant Bancorp Inc. (NASDAQ:AMTB) Acquired by Verition Fund Management LLC

Verition Fund Management LLC acquired a new stake in Amerant Bancorp Inc. (NASDAQ:AMTB) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 345,884 shares of the company’s stock, valued at approximately $7,392,000. Verition Fund Management LLC owned about 1.03% of Amerant Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Amerant Bancorp during the 3rd quarter valued at $65,000. US Bancorp DE boosted its holdings in shares of Amerant Bancorp by 655.8% during the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock worth $69,000 after purchasing an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amerant Bancorp by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock worth $117,000 after purchasing an additional 1,197 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Amerant Bancorp by 74.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after purchasing an additional 3,845 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Amerant Bancorp during the 2nd quarter valued at about $199,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMTB. Stephens upgraded Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Raymond James reduced their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Piper Sandler raised their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.60.

Amerant Bancorp Stock Performance

Shares of AMTB stock opened at $24.87 on Monday. The company’s fifty day moving average price is $22.08 and its 200-day moving average price is $22.02. The stock has a market cap of $1.05 billion, a PE ratio of -16.80 and a beta of 0.99. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 12 month low of $18.54 and a 12 month high of $27.00.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The business had revenue of ($999.00) million for the quarter, compared to analysts’ expectations of $99.39 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, equities analysts expect that Amerant Bancorp Inc. will post 1.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, November 14th. Amerant Bancorp’s payout ratio is -24.32%.

Amerant Bancorp 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.