Amerant Bancorp (NASDAQ:AMTB) Price Target Cut to $26.00 by Analysts at Keefe, Bruyette & Woods

Amerant Bancorp (NASDAQ:AMTB) had its target price decreased by Keefe, Bruyette & Woods from $28.00 to $26.00 in a research note released on Friday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other brokerages also recently weighed in on AMTB. Raymond James boosted their price target on Amerant Bancorp from $23.00 to $27.00 and gave the stock an outperform rating in a research report on Friday, January 26th. Piper Sandler restated a neutral rating and issued a $25.00 price target on shares of Amerant Bancorp in a research note on Friday, January 26th.

Amerant Bancorp Trading Up 0.1 %

NASDAQ AMTB opened at $22.64 on Friday. Amerant Bancorp has a 12 month low of $15.81 and a 12 month high of $26.13. 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 stock has a 50 day moving average of $21.99 and a 200-day moving average of $22.07. The company has a market cap of $760.70 million, a PE ratio of 33.29 and a beta of 0.96.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the business earned $0.59 EPS. On average, equities research analysts anticipate that Amerant Bancorp will post 1.72 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

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

Insider Transactions at Amerant Bancorp

In other Amerant Bancorp news, COO Carlos Iafigliola sold 10,579 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total transaction of $239,296.98. Following the transaction, the chief operating officer now owns 9,961 shares in the company, valued at approximately $225,317.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amerant Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in 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 purchasing an additional 267,466 shares during the period. Vanguard Group Inc. grew its position 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 buying an additional 20,214 shares in the last quarter. American Century Companies Inc. increased its stake in Amerant Bancorp by 11.9% during the 3rd quarter. American Century Companies Inc. now owns 294,268 shares of the company’s stock worth $5,132,000 after acquiring an additional 31,391 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Amerant Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 207,699 shares of the company’s stock valued at $5,103,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Mendon Capital Advisors Corp acquired a new stake in shares of Amerant Bancorp during the 4th quarter worth $3,563,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

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.