Swiss National Bank Purchases 900 Shares of Amerant Bancorp Inc. $AMTB

Swiss National Bank raised its position in Amerant Bancorp Inc. (NASDAQ:AMTB) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,837 shares of the company’s stock after buying an additional 900 shares during the quarter. Swiss National Bank owned about 0.16% of Amerant Bancorp worth $1,380,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMTB. Wells Fargo & Company MN raised its stake in shares of Amerant Bancorp by 59.7% in the fourth quarter. Wells Fargo & Company MN now owns 21,735 shares of the company’s stock valued at $487,000 after buying an additional 8,125 shares during the period. Legal & General Group Plc raised its stake in shares of Amerant Bancorp by 6.8% in the fourth quarter. Legal & General Group Plc now owns 31,606 shares of the company’s stock valued at $708,000 after buying an additional 2,003 shares during the period. Barclays PLC raised its stake in shares of Amerant Bancorp by 26.4% in the fourth quarter. Barclays PLC now owns 85,830 shares of the company’s stock valued at $1,923,000 after buying an additional 17,914 shares during the period. Marshall Wace LLP bought a new stake in shares of Amerant Bancorp in the fourth quarter valued at $935,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Amerant Bancorp by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,052,955 shares of the company’s stock valued at $23,597,000 after buying an additional 66,816 shares during the period. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Stock Performance

NASDAQ:AMTB opened at $21.20 on Tuesday. 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 Inc. has a 52-week low of $16.21 and a 52-week high of $26.24. The firm has a market cap of $885.08 million, a price-to-earnings ratio of -37.19 and a beta of 1.37. The business’s fifty day moving average is $19.24 and its 200 day moving average is $19.39.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, August 15th. Amerant Bancorp’s payout ratio is presently -180.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMTB. Piper Sandler boosted their target price on Amerant Bancorp from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Stephens reiterated an “overweight” rating and set a $24.00 price objective on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on Amerant Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.25.

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.