Amerant Bancorp (NASDAQ:AMTB) Director Acquires $101,087.84 in Stock

Amerant Bancorp Inc. (NASDAQ:AMTB) Director Odilon Almeida bought 4,816 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were acquired at an average price of $20.99 per share, with a total value of $101,087.84. Following the transaction, the director directly owned 5,316 shares of the company’s stock, valued at approximately $111,582.84. This trade represents a 963.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Amerant Bancorp Stock Up 0.2%

Amerant Bancorp stock traded up $0.04 during midday trading on Wednesday, hitting $20.89. 257,793 shares of the company’s stock were exchanged, compared to its average volume of 265,300. The company has a market cap of $862.05 million, a PE ratio of -36.65 and a beta of 1.03. The firm has a 50-day moving average of $19.93 and a two-hundred day moving average of $19.55. 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 12 month low of $15.62 and a 12 month high of $24.30.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, February 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. Amerant Bancorp’s dividend payout ratio is 28.80%.

Institutional Trading of Amerant Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in AMTB. Allianz Asset Management GmbH purchased a new stake in shares of Amerant Bancorp during the 2nd quarter valued at about $695,000. Allspring Global Investments Holdings LLC lifted its position in shares of Amerant Bancorp by 3.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 550,683 shares of the company’s stock worth $10,039,000 after purchasing an additional 16,943 shares during the last quarter. CSM Advisors LLC bought a new position in Amerant Bancorp in the 2nd quarter worth approximately $3,898,000. JCSD Capital LLC acquired a new position in Amerant Bancorp during the 2nd quarter worth $2,466,000. Finally, Peregrine Capital Management LLC grew its stake in shares of Amerant Bancorp by 9.3% in the second quarter. Peregrine Capital Management LLC now owns 246,297 shares of the company’s stock worth $4,490,000 after purchasing an additional 20,954 shares in the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James Financial boosted their price target on Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Piper Sandler upped their price objective on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.