Trexquant Investment LP Invests $1.75 Million in Amerant Bancorp Inc. (NASDAQ:AMTB)

Trexquant Investment LP bought a new stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 77,983 shares of the company’s stock, valued at approximately $1,748,000. Trexquant Investment LP owned 0.19% of Amerant Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Amerant Bancorp by 121.2% during the third quarter. Barclays PLC now owns 67,916 shares of the company’s stock worth $1,452,000 after buying an additional 37,208 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Amerant Bancorp by 13.6% in the 3rd quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock valued at $15,697,000 after purchasing an additional 87,696 shares during the period. Allspring Global Investments Holdings LLC grew its position in Amerant Bancorp by 47.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company’s stock worth $10,745,000 after purchasing an additional 154,466 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Amerant Bancorp during the 4th quarter worth about $269,000. Finally, JPMorgan Chase & Co. raised its position in shares of Amerant Bancorp by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock valued at $497,000 after buying an additional 1,705 shares during the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Trading Down 2.3 %

Shares of AMTB opened at $17.24 on Wednesday. The stock has a 50 day simple moving average of $21.73 and a 200-day simple moving average of $22.23. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The stock has a market cap of $722.70 million, a PE ratio of -30.25 and a beta of 1.05. Amerant Bancorp Inc. has a 1 year low of $16.55 and a 1 year high of $27.00.

Amerant Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.09%. Amerant Bancorp’s payout ratio is presently -63.16%.

Analyst Ratings Changes

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

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.