Amerant Bancorp (NASDAQ:AMTB) Stock Price Down 0.6% – Time to Sell?

Amerant Bancorp Inc. (NASDAQ:AMTB)’s stock price traded down 0.6% during trading on Monday . The stock traded as low as $20.37 and last traded at $21.21. 377,553 shares traded hands during trading, an increase of 35% from the average session volume of 280,372 shares. The stock had previously closed at $21.34.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMTB. Keefe, Bruyette & Woods upped their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Raymond James Financial upped their target price on Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Finally, Piper Sandler increased their target price on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Amerant Bancorp Stock Down 0.6%

The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $875.25 million, a price-to-earnings ratio of -37.21 and a beta of 1.00. The stock has a 50 day moving average of $21.45 and a 200 day moving average of $20.06.

Amerant Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, February 13th. Amerant Bancorp’s payout ratio is 28.80%.

Insider Activity

In other news, Director Odilon Almeida acquired 4,816 shares of Amerant Bancorp stock in a transaction that occurred on Tuesday, January 27th. The shares were purchased at an average cost of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the purchase, the director directly owned 5,316 shares of the company’s stock, valued at $111,582.84. This trade represents a 963.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Amerant Bancorp

Large investors have recently added to or reduced their stakes in the stock. Patriot Financial Partners GP II L.P. bought a new stake in Amerant Bancorp in the third quarter valued at $44,621,000. Millennium Management LLC increased its holdings in shares of Amerant Bancorp by 756.2% in the 3rd quarter. Millennium Management LLC now owns 437,847 shares of the company’s stock worth $8,437,000 after acquiring an additional 386,710 shares during the period. CSM Advisors LLC acquired a new stake in shares of Amerant Bancorp in the 2nd quarter worth about $3,898,000. Boothbay Fund Management LLC bought a new stake in Amerant Bancorp in the 4th quarter valued at about $4,153,000. Finally, Vanguard Group Inc. boosted its stake in Amerant Bancorp by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock valued at $47,311,000 after purchasing an additional 206,874 shares during the period. 42.11% of the stock is 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.