Peregrine Capital Management LLC Sells 20,592 Shares of Amerant Bancorp Inc. $AMTB

Peregrine Capital Management LLC trimmed its position in shares of Amerant Bancorp Inc. (NYSE:AMTB) by 8.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 213,377 shares of the company’s stock after selling 20,592 shares during the period. Peregrine Capital Management LLC’s holdings in Amerant Bancorp were worth $4,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMTB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Amerant Bancorp by 1.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,309 shares of the company’s stock worth $962,000 after buying an additional 473 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Amerant Bancorp by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock valued at $2,807,000 after buying an additional 500 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after acquiring an additional 526 shares in the last quarter. Legal & General Group Plc increased its position in shares of Amerant Bancorp by 1.8% during the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock valued at $653,000 after acquiring an additional 617 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Amerant Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock worth $454,000 after acquiring an additional 963 shares during the last quarter. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Stock Up 2.2%

Amerant Bancorp stock opened at $26.09 on Thursday. The stock has a market cap of $1.03 billion, a PE ratio of 18.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. Amerant Bancorp Inc. has a one year low of $15.62 and a one year high of $26.21. The stock has a fifty day moving average of $23.25 and a 200 day moving average of $22.17.

Amerant Bancorp (NYSE:AMTB) last announced its earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $177.94 million for the quarter, compared to analysts’ expectations of $102.56 million. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%. As a group, sell-side analysts predict that Amerant Bancorp Inc. will post 1.79 EPS for the current year.

Amerant Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 15th. Amerant Bancorp’s dividend payout ratio is 25.53%.

Analyst Upgrades and Downgrades

AMTB has been the topic of several recent analyst reports. Weiss Ratings upgraded Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Zacks Research raised Amerant Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amerant Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.