6,600 Shares in Amerant Bancorp Inc. (NASDAQ:AMTB) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,600 shares of the company’s stock, valued at approximately $148,000.

A number of other hedge funds also recently bought and sold shares of AMTB. Sei Investments Co. lifted its position in shares of Amerant Bancorp by 749.1% during the 4th quarter. Sei Investments Co. now owns 130,453 shares of the company’s stock worth $2,923,000 after buying an additional 115,090 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Amerant Bancorp by 997.7% during the fourth quarter. Quantbot Technologies LP now owns 33,556 shares of the company’s stock worth $752,000 after purchasing an additional 30,499 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Amerant Bancorp during the fourth quarter worth about $269,000. Arizona State Retirement System purchased a new stake in shares of Amerant Bancorp in the 4th quarter valued at about $220,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Amerant Bancorp by 11.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 301,142 shares of the company’s stock valued at $6,749,000 after purchasing an additional 30,219 shares during the period. Institutional investors and hedge funds own 42.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Stephens reissued an “overweight” rating and set a $29.00 price target on shares of Amerant Bancorp in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Amerant Bancorp Stock Up 6.7 %

Shares of NASDAQ AMTB opened at $18.50 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $21.55 and a 200 day moving average price of $22.18. Amerant Bancorp Inc. has a 52 week low of $16.55 and a 52 week high of $27.00. The stock has a market capitalization of $775.69 million, a price-to-earnings ratio of -32.46 and a beta of 1.05.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.95%. The ex-dividend date was Friday, February 14th. Amerant Bancorp’s payout ratio is currently -63.16%.

Amerant Bancorp 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.