Amerant Bancorp Inc. (NASDAQ:AMTB) COO Carlos Iafigliola Sells 10,579 Shares

Amerant Bancorp Inc. (NASDAQ:AMTB) COO Carlos Iafigliola sold 10,579 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total value of $239,296.98. Following the sale, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at $225,317.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Amerant Bancorp Price Performance

Shares of NASDAQ AMTB opened at $22.61 on Friday. Amerant Bancorp Inc. has a fifty-two week low of $15.79 and a fifty-two week high of $26.13. The stock has a fifty day moving average of $21.97 and a 200-day moving average of $22.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.91 and a current ratio of 0.96. The stock has a market cap of $759.70 million, a PE ratio of 33.25 and a beta of 0.96.

Amerant Bancorp (NASDAQ:AMTB) last posted its earnings results on Thursday, April 25th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Amerant Bancorp had a return on equity of 7.68% and a net margin of 5.11%. During the same quarter in the prior year, the business posted $0.59 EPS. Equities research analysts anticipate that Amerant Bancorp Inc. will post 1.72 earnings per share for the current year.

Amerant Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.59%. Amerant Bancorp’s payout ratio is 52.94%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMTB shares. Raymond James raised their price objective on shares of Amerant Bancorp from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods decreased their target price on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $25.00 price target on shares of Amerant Bancorp in a research report on Friday, January 26th.

Institutional Investors Weigh In On Amerant Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of AMTB. JCSD Capital LLC boosted its stake in shares of Amerant Bancorp by 13.3% during the third quarter. JCSD Capital LLC now owns 86,030 shares of the company’s stock valued at $1,500,000 after purchasing an additional 10,100 shares during the period. Swiss National Bank raised its stake in shares of Amerant Bancorp by 15.3% during the third quarter. Swiss National Bank now owns 59,500 shares of the company’s stock valued at $1,038,000 after acquiring an additional 7,900 shares during the last quarter. Salzhauer Michael purchased a new stake in shares of Amerant Bancorp during the third quarter worth about $261,000. American Century Companies Inc. grew its stake in shares of Amerant Bancorp by 11.9% in the third quarter. American Century Companies Inc. now owns 294,268 shares of the company’s stock worth $5,132,000 after purchasing an additional 31,391 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Amerant Bancorp by 3.6% during the third quarter. Wellington Management Group LLP now owns 2,846,017 shares of the company’s stock valued at $49,635,000 after buying an additional 99,146 shares during the period. Institutional investors own 42.11% of the company’s stock.

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.