Amerant Bancorp (NASDAQ:AMTB) Price Target Raised to $26.00

Amerant Bancorp (NASDAQ:AMTB) had its target price upped by Piper Sandler from $25.00 to $26.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Amerant Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday. Raymond James Financial cut Amerant Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, April 24th. Finally, Stephens reissued an “overweight” rating and set a $24.00 price objective on shares of Amerant Bancorp in a report on Tuesday, April 29th.

Amerant Bancorp Stock Down 2.3%

AMTB opened at $19.60 on Monday. Amerant Bancorp has a fifty-two week low of $16.21 and a fifty-two week high of $26.24. 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 firm’s fifty day moving average price is $18.41 and its two-hundred day moving average price is $19.80. The company has a market capitalization of $819.85 million, a P/E ratio of -34.39 and a beta of 1.31.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, August 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.84%. Amerant Bancorp’s payout ratio is presently -180.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH bought a new position in shares of Amerant Bancorp in the second quarter valued at about $695,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Amerant Bancorp by 3.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 550,683 shares of the company’s stock valued at $10,039,000 after buying an additional 16,943 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Amerant Bancorp by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 35,035 shares of the company’s stock valued at $639,000 after buying an additional 755 shares during the last quarter. Mendon Capital Advisors Corp raised its holdings in shares of Amerant Bancorp by 1.9% in the first quarter. Mendon Capital Advisors Corp now owns 374,290 shares of the company’s stock valued at $7,725,000 after buying an additional 6,961 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Amerant Bancorp by 6.3% in the first 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 buying an additional 5,434 shares during the last quarter. 42.11% of the stock is owned by institutional investors.

About Amerant Bancorp

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.