Amerant Bancorp (NASDAQ:AMTB) Given New $20.00 Price Target at Keefe, Bruyette & Woods

Amerant Bancorp (NASDAQ:AMTB) had its price target trimmed by Keefe, Bruyette & Woods from $22.00 to $20.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Raymond James Financial set a $21.00 price objective on shares of Amerant Bancorp and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Piper Sandler reduced their price objective on shares of Amerant Bancorp from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.75.

Amerant Bancorp Trading Up 1.9%

NASDAQ:AMTB opened at $17.08 on Monday. The firm’s fifty day moving average is $19.52 and its 200-day moving average is $18.85. 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 has a 52 week low of $15.62 and a 52 week high of $26.24. The firm has a market cap of $713.11 million, a P/E ratio of -29.97 and a beta of 1.30.

Amerant Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, November 14th. This represents a $0.36 annualized dividend and a yield of 2.1%. Amerant Bancorp’s dividend payout ratio is presently 22.78%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in Amerant Bancorp by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock worth $2,807,000 after buying an additional 500 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Amerant Bancorp by 11.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after purchasing an additional 526 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Amerant Bancorp by 1.8% in the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock valued at $653,000 after purchasing an additional 617 shares during the last quarter. GAMMA Investing LLC raised 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 last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Amerant Bancorp by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 35,035 shares of the company’s stock valued at $639,000 after purchasing an additional 755 shares during the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

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.