Charles Schwab Investment Management Inc. Cuts Stock Position in Amerant Bancorp Inc. $AMTB

Charles Schwab Investment Management Inc. cut its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294,961 shares of the company’s stock after selling 6,181 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.70% of Amerant Bancorp worth $6,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN lifted its position 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 acquiring an additional 8,125 shares in the last quarter. Barclays PLC boosted its position in shares of Amerant Bancorp by 26.4% during the 4th quarter. Barclays PLC now owns 85,830 shares of the company’s stock worth $1,923,000 after purchasing an additional 17,914 shares during the period. Marshall Wace LLP purchased a new position in shares of Amerant Bancorp during the 4th quarter worth approximately $935,000. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 66,816 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of 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 acquiring an additional 5,879 shares during the period. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMTB shares. Keefe, Bruyette & Woods lifted their price target on shares of Amerant Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, July 28th. Piper Sandler lifted 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. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.25.

Amerant Bancorp Stock Performance

Shares of AMTB stock opened at $21.46 on Thursday. The firm has a market capitalization of $895.93 million, a price-to-earnings ratio of -37.65 and a beta of 1.37. 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 one year low of $16.21 and a one year high of $26.24. The company has a 50 day moving average price of $19.43 and a 200 day moving average price of $19.42.

Amerant Bancorp Dividend Announcement

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

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.