Foundry Partners LLC Increases Stake in Amerant Bancorp Inc. (NASDAQ:AMTB)

Foundry Partners LLC increased its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 40.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 221,540 shares of the company’s stock after buying an additional 63,605 shares during the quarter. Foundry Partners LLC’s holdings in Amerant Bancorp were worth $4,965,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMTB. Quantbot Technologies LP purchased a new stake in shares of Amerant Bancorp in the 3rd quarter valued at approximately $65,000. KLP Kapitalforvaltning AS purchased a new position in Amerant Bancorp in the fourth quarter valued at $148,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amerant Bancorp by 74.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after buying an additional 3,845 shares in the last quarter. Arizona State Retirement System purchased a new stake in Amerant Bancorp during the 4th quarter worth about $220,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Amerant Bancorp during the 3rd quarter worth about $247,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMTB shares. Stephens reissued an “overweight” rating and set a $29.00 target price on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Amerant Bancorp Trading Down 4.1 %

NASDAQ:AMTB opened at $17.59 on Friday. The company has a market capitalization of $737.50 million, a PE ratio of -30.86 and a beta of 1.05. Amerant Bancorp Inc. has a 52-week low of $16.55 and a 52-week high of $27.00. The stock’s 50 day moving average price is $22.09 and its 200 day moving average price is $22.33. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

Amerant Bancorp Dividend Announcement

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

Amerant Bancorp 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.