Amerant Bancorp Inc. (NASDAQ:AMTB) Stake Raised by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,650 shares of the company’s stock after buying an additional 67,837 shares during the period. Northern Trust Corp owned 0.83% of Amerant Bancorp worth $7,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Amerant Bancorp by 49.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,377 shares of the company’s stock worth $323,000 after purchasing an additional 4,767 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Amerant Bancorp by 77.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,544 shares of the company’s stock worth $236,000 after purchasing an additional 4,589 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Amerant Bancorp by 35.8% during the fourth quarter. MetLife Investment Management LLC now owns 22,280 shares of the company’s stock worth $499,000 after purchasing an additional 5,879 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Amerant Bancorp by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,052,955 shares of the company’s stock worth $23,597,000 after purchasing an additional 66,816 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Amerant Bancorp during the fourth quarter worth approximately $935,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Trading Down 1.1%

Amerant Bancorp stock opened at $18.07 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market cap of $755.68 million, a price-to-earnings ratio of -31.69 and a beta of 1.31. Amerant Bancorp Inc. has a 1 year low of $16.21 and a 1 year high of $27.00. The firm’s 50 day moving average price is $18.88 and its two-hundred day moving average price is $21.66.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, May 15th. Amerant Bancorp’s payout ratio is -60.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMTB shares. Stephens reissued an “overweight” rating and set a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Keefe, Bruyette & Woods dropped their target price on Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Finally, Raymond James cut Amerant Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.60.

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.