JPMorgan Chase & Co. Has $3.59 Million Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

JPMorgan Chase & Co. boosted its position in Amerant Bancorp Inc. (NASDAQ:AMTB) by 588.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,088 shares of the company’s stock after buying an additional 136,827 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of Amerant Bancorp worth $3,588,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AMTB. KLP Kapitalforvaltning AS bought a new position in shares of Amerant Bancorp during the 4th quarter worth approximately $148,000. Arizona State Retirement System bought a new position in Amerant Bancorp in the fourth quarter valued at $220,000. Y Intercept Hong Kong Ltd bought a new position in Amerant Bancorp in the fourth quarter valued at $259,000. Intech Investment Management LLC acquired a new stake in Amerant Bancorp in the 4th quarter valued at $269,000. Finally, Angel Oak Capital Advisors LLC bought a new stake in Amerant Bancorp during the 4th quarter worth about $336,000. Institutional investors own 42.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMTB. Stephens reissued an “overweight” rating and issued a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Amerant Bancorp Trading Up 0.6 %

AMTB stock opened at $18.60 on Monday. The company’s 50-day simple moving average is $20.86 and its 200 day simple moving average is $22.08. Amerant Bancorp Inc. has a 52 week low of $16.55 and a 52 week high of $27.00. The company has a market capitalization of $779.71 million, a PE ratio of -32.63 and a beta of 1.05. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, February 14th. Amerant Bancorp’s dividend payout ratio (DPR) is currently -63.16%.

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.