Amerant Bancorp (NASDAQ:AMTB) Director Odilon Almeida Buys 4,816 Shares

Amerant Bancorp Inc. (NASDAQ:AMTB) Director Odilon Almeida purchased 4,816 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was bought at an average cost of $20.99 per share, with a total value of $101,087.84. Following the completion of the acquisition, the director directly owned 5,316 shares of the company’s stock, valued at $111,582.84. This trade represents a 963.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Amerant Bancorp Price Performance

Shares of NASDAQ AMTB opened at $20.89 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The stock has a market capitalization of $862.05 million, a price-to-earnings ratio of -36.65 and a beta of 1.03. The firm’s 50 day simple moving average is $20.01 and its 200-day simple moving average is $19.56. Amerant Bancorp Inc. has a 12 month low of $15.62 and a 12 month high of $24.30.

Amerant Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Amerant Bancorp

Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Amerant Bancorp by 83.0% in the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock valued at $466,000 after acquiring an additional 10,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Amerant Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock valued at $454,000 after purchasing an additional 963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Amerant Bancorp by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company’s stock valued at $1,898,000 after purchasing an additional 5,434 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Amerant Bancorp by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 35,035 shares of the company’s stock valued at $639,000 after purchasing an additional 755 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Amerant Bancorp by 3.2% during the 2nd 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. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About Amerant Bancorp

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.