Amerant Bancorp Inc. (NASDAQ:AMTB) COO Carlos Iafigliola Sells 10,579 Shares

Amerant Bancorp Inc. (NASDAQ:AMTB) COO Carlos Iafigliola sold 10,579 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total value of $239,296.98. Following the transaction, the chief operating officer now directly owns 9,961 shares in the company, valued at $225,317.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB opened at $22.61 on Monday. The firm has a market capitalization of $759.70 million, a price-to-earnings ratio of 33.25 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $21.97 and a 200 day simple moving average of $22.05. Amerant Bancorp Inc. has a one year low of $15.79 and a one year high of $26.13.

Amerant Bancorp (NASDAQ:AMTB) last announced its earnings results on Thursday, April 25th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Amerant Bancorp had a return on equity of 7.68% and a net margin of 5.11%. During the same quarter last year, the firm posted $0.59 EPS. Sell-side analysts expect that Amerant Bancorp Inc. will post 1.72 EPS for the current year.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, May 14th. Amerant Bancorp’s payout ratio is 52.94%.

Wall Street Analysts Forecast Growth

AMTB has been the topic of several research reports. Raymond James upped their price objective on shares of Amerant Bancorp from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods lowered their price target on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a report on Friday. Finally, Piper Sandler reissued a “neutral” rating and set a $25.00 price objective on shares of Amerant Bancorp in a research report on Friday, January 26th.

Institutional Investors Weigh In On Amerant Bancorp

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Amerant Bancorp by 9.4% in the 4th quarter. Wellington Management Group LLP now owns 3,113,483 shares of the company’s stock valued at $76,498,000 after buying an additional 267,466 shares during the period. Mendon Capital Advisors Corp acquired a new position in Amerant Bancorp during the 4th quarter worth approximately $3,563,000. American Century Companies Inc. increased its stake in Amerant Bancorp by 11.9% in the 3rd quarter. American Century Companies Inc. now owns 294,268 shares of the company’s stock valued at $5,132,000 after buying an additional 31,391 shares during the last quarter. Vanguard Group Inc. raised its holdings in Amerant Bancorp by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,559,080 shares of the company’s stock worth $27,190,000 after acquiring an additional 20,214 shares in the last quarter. Finally, Salzhauer Michael acquired a new stake in shares of Amerant Bancorp in the 3rd quarter valued at approximately $261,000. 42.11% of the stock is currently owned by institutional investors.

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.