Endeavour Capital Advisors Inc. Reduces Stake in Amerant Bancorp Inc. (NASDAQ:AMTB)

Endeavour Capital Advisors Inc. lessened its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 19.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 241,353 shares of the company’s stock after selling 58,647 shares during the period. Amerant Bancorp accounts for approximately 1.7% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. Endeavour Capital Advisors Inc. owned approximately 0.57% of Amerant Bancorp worth $5,409,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Amerant Bancorp during the third quarter worth approximately $65,000. KLP Kapitalforvaltning AS acquired a new stake in Amerant Bancorp during the 4th quarter worth $148,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Amerant Bancorp by 74.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after acquiring an additional 3,845 shares during the last quarter. Arizona State Retirement System acquired a new position in Amerant Bancorp in the fourth quarter valued at $220,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Amerant Bancorp during the third quarter worth about $247,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMTB. Keefe, Bruyette & Woods boosted their target price on Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Stephens restated an “overweight” rating and set a $29.00 target price on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Amerant Bancorp Price Performance

Shares of NASDAQ:AMTB opened at $20.68 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $22.33 and a 200 day moving average price of $22.39. The company has a market cap of $866.91 million, a P/E ratio of -36.28 and a beta of 1.06. Amerant Bancorp Inc. has a 52 week low of $18.54 and a 52 week high of $27.00.

Amerant Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, February 14th. Amerant Bancorp’s dividend payout ratio (DPR) is -63.16%.

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.