Creative Planning Grows Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Creative Planning lifted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 7.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,974 shares of the company’s stock after purchasing an additional 850 shares during the quarter. Creative Planning’s holdings in Amerant Bancorp were worth $256,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of Amerant Bancorp by 89.8% during the 1st quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company’s stock valued at $308,000 after acquiring an additional 6,261 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Amerant Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company’s stock worth $37,710,000 after purchasing an additional 10,835 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Amerant Bancorp in the second quarter worth about $199,000. Bank of New York Mellon Corp grew its stake in shares of Amerant Bancorp by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 156,190 shares of the company’s stock valued at $3,546,000 after buying an additional 21,318 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Amerant Bancorp by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after buying an additional 1,197 shares during the period. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Trading Up 0.8 %

Amerant Bancorp stock opened at $24.00 on Friday. Amerant Bancorp Inc. has a 1 year low of $18.54 and a 1 year high of $27.00. The firm’s 50-day moving average is $21.13 and its 200-day moving average is $21.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.89 and a current ratio of 1.01. The company has a market cap of $802.32 million, a P/E ratio of -16.22 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. The business had revenue of ($999.00) million for the quarter, compared to the consensus estimate of $99.39 million. During the same quarter last year, the business posted $0.64 EPS. On average, equities analysts expect that Amerant Bancorp Inc. will post 1.22 earnings per share for the current year.

Amerant Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.50%. Amerant Bancorp’s payout ratio is currently -24.32%.

Wall Street Analysts Forecast Growth

AMTB has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Raymond James dropped their target price on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Janney Montgomery Scott downgraded Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a report on Friday, July 26th. Stephens upgraded Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $25.00 in a report on Monday, September 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.60.

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.