Keefe, Bruyette & Woods Issues Positive Forecast for Amerant Bancorp (NASDAQ:AMTB) Stock Price

Amerant Bancorp (NASDAQ:AMTB) had its price objective upped by Keefe, Bruyette & Woods from $21.00 to $23.00 in a report issued on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other analysts have also recently issued reports about the stock. Piper Sandler increased their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday. Raymond James Financial increased their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Amerant Bancorp Trading Up 0.2%

NASDAQ:AMTB opened at $20.89 on Wednesday. The company has a market cap of $862.05 million, a PE ratio of -36.65 and a beta of 1.03. The business’s 50 day moving average is $20.01 and its two-hundred day moving average is $19.56. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Amerant Bancorp has a 52 week low of $15.62 and a 52 week high of $24.30.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.09 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.36 annualized dividend and a yield of 1.7%. Amerant Bancorp’s dividend payout ratio (DPR) is currently 28.80%.

Insider Buying and Selling

In other news, Director Odilon Almeida purchased 4,816 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were bought at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the purchase, the director owned 5,316 shares of the company’s stock, valued at $111,582.84. This trade represents a 963.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.37% of the company’s stock.

Institutional Trading of Amerant Bancorp

Several large investors have recently added to or reduced their stakes in the business. Guerra Advisors Inc bought a new stake in Amerant Bancorp during the 3rd quarter valued at $32,000. CWM LLC increased its holdings in shares of Amerant Bancorp by 153.4% during the third quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after purchasing an additional 2,874 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Amerant Bancorp by 11.8% during 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Amerant Bancorp during the second quarter valued at about $129,000. Finally, Aquatic Capital Management LLC acquired a new stake in Amerant Bancorp in the third quarter worth about $143,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.