Jacobs Levy Equity Management Inc. Has $1.10 Million Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

Jacobs Levy Equity Management Inc. boosted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,598 shares of the company’s stock after acquiring an additional 13,403 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.15% of Amerant Bancorp worth $1,103,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning increased its position in Amerant Bancorp by 7.6% during the third quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after buying an additional 850 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Amerant Bancorp by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock worth $117,000 after acquiring an additional 1,197 shares during the period. The Manufacturers Life Insurance Company boosted its position in Amerant Bancorp by 23.9% during the second quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock worth $272,000 after purchasing an additional 2,316 shares during the period. US Bancorp DE raised its position in shares of Amerant Bancorp by 655.8% in the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after purchasing an additional 2,787 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMTB. Piper Sandler upped their target price on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Stephens upgraded shares of 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 note on Monday, September 30th. Raymond James lowered their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods upped their target price on Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.40.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $25.61 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp Inc. has a 52 week low of $18.54 and a 52 week high of $27.00. The stock has a market capitalization of $1.08 billion, a P/E ratio of -17.30 and a beta of 1.01. The stock has a fifty day moving average of $22.52 and a 200-day moving average of $22.11.

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

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.09 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.36 annualized dividend and a yield of 1.41%. Amerant Bancorp’s dividend payout ratio is presently -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.