Charles Schwab Investment Management Inc. Purchases 2,649 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Charles Schwab Investment Management Inc. boosted its position in Amerant Bancorp Inc. (NASDAQ:AMTBFree Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,699 shares of the company’s stock after acquiring an additional 2,649 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of Amerant Bancorp worth $5,103,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMTB. New York State Common Retirement Fund boosted its holdings in Amerant Bancorp by 10.3% during the fourth quarter. New York State Common Retirement Fund now owns 9,825 shares of the company’s stock worth $241,000 after buying an additional 914 shares during the last quarter. Salzhauer Michael bought a new position in Amerant Bancorp during the third quarter worth about $261,000. Swiss National Bank boosted its holdings in Amerant Bancorp by 15.3% during the third quarter. Swiss National Bank now owns 59,500 shares of the company’s stock worth $1,038,000 after buying an additional 7,900 shares during the last quarter. American Century Companies Inc. boosted its holdings in Amerant Bancorp by 11.9% during the third quarter. American Century Companies Inc. now owns 294,268 shares of the company’s stock worth $5,132,000 after buying an additional 31,391 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Amerant Bancorp by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,559,080 shares of the company’s stock worth $27,190,000 after buying an additional 20,214 shares during the last quarter. Institutional investors own 42.11% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their target price on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd.

Check Out Our Latest Stock Report on AMTB

Insider Activity at Amerant Bancorp

In related news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total value of $239,296.98. Following the sale, the chief operating officer now owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total value of $239,296.98. Following the sale, the chief operating officer now owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Armando Fleitas sold 6,240 shares of Amerant Bancorp stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $22.59, for a total value of $140,961.60. Following the completion of the sale, the chief accounting officer now directly owns 5,594 shares in the company, valued at approximately $126,368.46. The disclosure for this sale can be found here. 13.49% of the stock is owned by insiders.

Amerant Bancorp Trading Up 0.5 %

NASDAQ:AMTB opened at $22.16 on Tuesday. Amerant Bancorp Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $26.13. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market capitalization of $747.15 million, a PE ratio of 32.59 and a beta of 0.96. The business’s 50-day simple moving average is $22.32 and its 200-day simple moving average is $22.60.

Amerant Bancorp (NASDAQ:AMTBGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Amerant Bancorp had a net margin of 3.51% and a return on equity of 7.65%. The business had revenue of $92.46 million for the quarter, compared to the consensus estimate of $91.76 million. During the same quarter last year, the firm earned $0.59 EPS. Sell-side analysts expect that Amerant Bancorp Inc. will post 1.72 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, May 14th. Amerant Bancorp’s dividend payout ratio is presently 52.94%.

Amerant Bancorp Company Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for Amerant Bancorp (NASDAQ:AMTB)

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