Amerant Bancorp (NASDAQ:AMTB) Hits New 12-Month Low – Here’s What Happened

Amerant Bancorp Inc. (NASDAQ:AMTB)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $18.34 and last traded at $18.63, with a volume of 33574 shares traded. The stock had previously closed at $20.89.

Wall Street Analysts Forecast Growth

AMTB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on Amerant Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Stephens reissued an “overweight” rating and set a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Amerant Bancorp Price Performance

The stock has a market capitalization of $768.60 million, a P/E ratio of -32.17 and a beta of 1.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The business has a fifty day simple moving average of $22.30 and a 200-day simple moving average of $22.38.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, February 14th. Amerant Bancorp’s dividend payout ratio is presently -63.16%.

Hedge Funds Weigh In On Amerant Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in Amerant Bancorp by 74.1% during the 3rd quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock worth $120,585,000 after buying an additional 2,401,027 shares during the period. Vanguard Group Inc. raised its position in shares of Amerant Bancorp by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 2,096,580 shares of the company’s stock worth $46,984,000 after purchasing an additional 87,136 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Amerant Bancorp by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,052,955 shares of the company’s stock worth $23,597,000 after purchasing an additional 66,816 shares in the last quarter. Kennedy Capital Management LLC grew its position in Amerant Bancorp by 40.2% in the 4th quarter. Kennedy Capital Management LLC now owns 936,963 shares of the company’s stock valued at $20,997,000 after purchasing an additional 268,486 shares during the period. Finally, Geode Capital Management LLC increased its stake in Amerant Bancorp by 12.0% during the 4th quarter. Geode Capital Management LLC now owns 822,553 shares of the company’s stock valued at $18,438,000 after purchasing an additional 88,177 shares in the last quarter. 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.