Amerant Bancorp (NASDAQ:AMTB) Sets New 52-Week Low – Here’s Why

Shares of Amerant Bancorp Inc. (NASDAQ:AMTB) hit a new 52-week low on Thursday . The stock traded as low as $18.34 and last traded at $18.63, with a volume of 33574 shares changing hands. The stock had previously closed at $20.89.

Analyst Upgrades and Downgrades

AMTB has been the topic of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $29.00 target price on shares of Amerant Bancorp in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Amerant Bancorp Stock Performance

The firm has a market capitalization of $737.50 million, a price-to-earnings ratio of -30.86 and a beta of 1.05. The firm has a 50 day moving average price of $22.09 and a 200-day moving average price of $22.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, February 14th. Amerant Bancorp’s dividend payout ratio is presently -63.16%.

Hedge Funds Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of AMTB. Sterling Capital Management LLC lifted its holdings in Amerant Bancorp by 1,000.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,167 shares of the company’s stock worth $26,000 after buying an additional 1,061 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Amerant Bancorp during the third quarter worth approximately $65,000. Summit Investment Advisors Inc. boosted its holdings in Amerant Bancorp by 49.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company’s stock valued at $87,000 after purchasing an additional 1,286 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Amerant Bancorp in the fourth quarter valued at approximately $148,000. Finally, Point72 Asset Management L.P. acquired a new stake in Amerant Bancorp during the fourth quarter worth approximately $199,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

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.