Russell Investments Group Ltd. Increases Stock Holdings in Amerant Bancorp Inc. $AMTB

Russell Investments Group Ltd. lifted its position in Amerant Bancorp Inc. (NASDAQ:AMTB) by 1,965.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,504 shares of the company’s stock after purchasing an additional 15,705 shares during the quarter. Russell Investments Group Ltd.’s holdings in Amerant Bancorp were worth $341,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Amerant Bancorp by 160.4% in the first quarter. GAMMA Investing LLC now owns 1,211 shares of the company’s stock valued at $25,000 after purchasing an additional 746 shares during the period. CWM LLC grew its holdings in shares of Amerant Bancorp by 241.0% in the first quarter. CWM LLC now owns 1,579 shares of the company’s stock valued at $33,000 after purchasing an additional 1,116 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Amerant Bancorp in the fourth quarter valued at about $199,000. ProShare Advisors LLC purchased a new stake in shares of Amerant Bancorp in the fourth quarter valued at about $234,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Amerant Bancorp by 77.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,544 shares of the company’s stock valued at $236,000 after purchasing an additional 4,589 shares during the period. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMTB. Keefe, Bruyette & Woods increased their target price 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 increased their target price on shares of Amerant Bancorp from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.25.

Amerant Bancorp Stock Up 0.2%

Shares of AMTB opened at $21.54 on Tuesday. The stock has a market capitalization of $899.32 million, a PE ratio of -37.79 and a beta of 1.43. Amerant Bancorp Inc. has a 1 year low of $16.21 and a 1 year high of $26.24. 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 company’s 50-day simple moving average is $19.71 and its 200-day simple moving average is $19.32.

Amerant Bancorp Announces Dividend

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

Amerant Bancorp Company 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.