Amerant Bancorp (NASDAQ:AMTB) Price Target Raised to $27.00

Amerant Bancorp (NASDAQ:AMTB) had its price objective upped by Keefe, Bruyette & Woods from $25.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research firms have also issued reports on AMTB. Raymond James lowered their target price on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Stephens restated an “overweight” rating and issued a $29.00 price objective on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Finally, Piper Sandler upped their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.00.

Amerant Bancorp Stock Down 0.3 %

Amerant Bancorp stock opened at $23.16 on Monday. The firm has a market cap of $975.10 million, a price-to-earnings ratio of -40.62 and a beta of 1.03. The firm has a fifty day moving average price of $23.30 and a two-hundred day moving average price of $22.29. Amerant Bancorp has a fifty-two week low of $18.54 and a fifty-two week high of $27.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.09 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.55%. Amerant Bancorp’s payout ratio is -63.16%.

Hedge Funds Weigh In On Amerant Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in AMTB. Wellington Management Group LLP lifted its holdings in shares of Amerant Bancorp by 74.1% during the third quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock valued at $120,585,000 after acquiring an additional 2,401,027 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth about $13,613,000. Azora Capital LP bought a new position in Amerant Bancorp during the 3rd quarter valued at about $11,495,000. Verition Fund Management LLC acquired a new position in Amerant Bancorp in the third quarter valued at about $7,392,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Amerant Bancorp during the third quarter worth about $6,945,000. 42.11% of the stock is owned by institutional investors.

About Amerant Bancorp

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.