Carlos Iafigliola Acquires 885 Shares of Amerant Bancorp (NYSE:AMTB) Stock

Amerant Bancorp Inc. (NYSE:AMTB) insider Carlos Iafigliola bought 885 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was acquired at an average cost of $22.80 per share, with a total value of $20,178.00. Following the completion of the transaction, the insider directly owned 21,576 shares of the company’s stock, valued at approximately $491,932.80. This represents a 4.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Carlos Iafigliola also recently made the following trade(s):

• On Friday, January 30th, Carlos Iafigliola acquired 1,000 shares of Amerant Bancorp stock. The stock was purchased at an average price of $21.74 per share, with a total value of $21,740.00.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock opened at $22.83 on Thursday. The firm has a fifty day simple moving average of $22.28 and a 200-day simple moving average of $20.58. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.86. Amerant Bancorp Inc. has a 1-year low of $15.62 and a 1-year high of $24.38. The stock has a market capitalization of $918.37 million, a price-to-earnings ratio of 16.19 and a beta of 0.93.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.54%. The business had revenue of $97.66 million during the quarter, compared to analysts’ expectations of $102.56 million. On average, sell-side analysts expect that Amerant Bancorp Inc. will post 1.91 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, May 15th. Amerant Bancorp’s payout ratio is presently 25.53%.

Wall Street Analyst Weigh In

AMTB has been the subject of a number of analyst reports. Zacks Research cut shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Piper Sandler boosted their price objective on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Wall Street Zen cut shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.67.

Hedge Funds Weigh In On Amerant Bancorp

Large investors have recently bought and sold shares of the stock. Guerra Advisors Inc acquired a new position in Amerant Bancorp during the 3rd quarter valued at $32,000. State of Wyoming acquired a new position in Amerant Bancorp during the 4th quarter valued at $78,000. CWM LLC raised its stake in Amerant Bancorp by 153.4% during the 3rd quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after purchasing an additional 2,874 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after purchasing an additional 526 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Amerant Bancorp during the 2nd quarter valued at $129,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Amerant Bancorp Company Profile

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.