American International Group Inc. Sells 957 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

American International Group Inc. reduced its stake in Amerant Bancorp Inc. (NASDAQ:AMTB) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,429 shares of the company’s stock after selling 957 shares during the period. American International Group Inc.’s holdings in Amerant Bancorp were worth $214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMTB. Lazard Asset Management LLC bought a new position in shares of Amerant Bancorp in the 1st quarter worth $26,000. Tower Research Capital LLC TRC raised its stake in Amerant Bancorp by 864.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,439 shares of the company’s stock worth $53,000 after buying an additional 2,186 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amerant Bancorp by 146.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,469 shares of the company’s stock worth $98,000 after buying an additional 2,062 shares during the period. Citigroup Inc. raised its stake in Amerant Bancorp by 420.3% during the 1st quarter. Citigroup Inc. now owns 4,766 shares of the company’s stock worth $104,000 after buying an additional 3,850 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Amerant Bancorp during the 2nd quarter worth $144,000. 39.14% of the stock is currently owned by institutional investors.

Amerant Bancorp Stock Performance

AMTB opened at $20.96 on Tuesday. The business’s 50-day moving average price is $18.69 and its two-hundred day moving average price is $18.82. Amerant Bancorp Inc. has a 1 year low of $15.79 and a 1 year high of $30.13. The company has a market capitalization of $703.77 million, a price-to-earnings ratio of 10.33 and a beta of 0.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.97 and a quick ratio of 0.96.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings results on Thursday, October 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Amerant Bancorp had a return on equity of 8.74% and a net margin of 11.23%. The firm had revenue of $100.50 million for the quarter, compared to the consensus estimate of $97.36 million. Equities analysts expect that Amerant Bancorp Inc. will post 1.95 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, November 13th. Amerant Bancorp’s dividend payout ratio is currently 17.73%.

Analyst Ratings Changes

Several analysts recently commented on the company. Stephens raised their price objective on Amerant Bancorp from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, July 24th. Raymond James dropped their price objective on Amerant Bancorp from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, October 23rd.

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.