Sei Investments Co. Purchases 39,971 Shares of Amerant Bancorp Inc. $AMTB

Sei Investments Co. lifted its holdings in Amerant Bancorp Inc. (NYSE:AMTB) by 25.2% in the first quarter, HoldingsChannel reports. The firm owned 198,326 shares of the company’s stock after purchasing an additional 39,971 shares during the quarter. Sei Investments Co.’s holdings in Amerant Bancorp were worth $4,371,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL lifted its position in Amerant Bancorp by 411.8% during the third quarter. Tudor Investment Corp ET AL now owns 90,367 shares of the company’s stock valued at $1,741,000 after purchasing an additional 72,709 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Amerant Bancorp during the 1st quarter valued at about $1,214,000. Vanguard Group Inc. raised its position in shares of Amerant Bancorp by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock valued at $47,311,000 after buying an additional 206,874 shares in the last quarter. UBS Group AG lifted its holdings in shares of Amerant Bancorp by 35.0% in the 4th quarter. UBS Group AG now owns 130,932 shares of the company’s stock valued at $2,554,000 after acquiring an additional 33,935 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Amerant Bancorp in the 4th quarter valued at about $611,000. Institutional investors own 42.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMTB shares. Zacks Research raised Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Amerant Bancorp from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amerant Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Amerant Bancorp Stock Performance

Shares of Amerant Bancorp stock opened at $29.52 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The stock’s fifty day moving average is $25.34 and its two-hundred day moving average is $23.37. Amerant Bancorp Inc. has a 52 week low of $15.62 and a 52 week high of $30.60. The company has a market capitalization of $1.16 billion, a PE ratio of 21.23 and a beta of 0.87.

Amerant Bancorp (NYSE:AMTB) last released its earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.14. The business had revenue of $183.31 million during the quarter, compared to the consensus estimate of $98.64 million. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%. As a group, analysts expect that Amerant Bancorp Inc. will post 2.22 earnings per share for the current year.

Amerant Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Amerant Bancorp’s dividend payout ratio (DPR) is currently 25.90%.

About Amerant Bancorp

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.