Point72 Asset Management L.P. Invests $199,000 in Amerant Bancorp Inc. (NASDAQ:AMTB)

Point72 Asset Management L.P. acquired a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,879 shares of the company’s stock, valued at approximately $199,000.

A number of other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of 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 in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Amerant Bancorp by 49.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company’s stock valued at $87,000 after acquiring an additional 1,286 shares during the period. KLP Kapitalforvaltning AS bought a new position in Amerant Bancorp during the fourth quarter worth $148,000. Arizona State Retirement System acquired a new stake in Amerant Bancorp in the fourth quarter worth $220,000. Finally, ProShare Advisors LLC bought a new stake in Amerant Bancorp in the fourth quarter valued at $234,000. Institutional investors own 42.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James lowered shares of Amerant Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target on Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, April 25th. Finally, Stephens reiterated an “overweight” rating and issued a $24.00 price target on shares of Amerant Bancorp in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Amerant Bancorp currently has an average rating of “Hold” and a consensus target price of $24.60.

Amerant Bancorp Stock Down 0.9%

Amerant Bancorp stock opened at $17.04 on Friday. The firm has a market capitalization of $712.85 million, a price-to-earnings ratio of -29.90 and a beta of 1.31. The firm’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $21.52. Amerant Bancorp Inc. has a 1-year low of $16.21 and a 1-year high of $27.00. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.11%. Amerant Bancorp’s dividend payout ratio is presently -60.00%.

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.