Quantbot Technologies LP Acquires 30,499 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Quantbot Technologies LP raised its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB) by 997.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,556 shares of the company’s stock after buying an additional 30,499 shares during the period. Quantbot Technologies LP’s holdings in Amerant Bancorp were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMTB. Charles Schwab Investment Management Inc. raised its stake in Amerant Bancorp by 21.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company’s stock valued at $5,790,000 after acquiring an additional 47,882 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Amerant Bancorp by 47.8% in the third quarter. BNP Paribas Financial Markets now owns 13,132 shares of the company’s stock valued at $281,000 after purchasing an additional 4,246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Amerant Bancorp by 74.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after purchasing an additional 3,845 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth about $7,392,000. Finally, Banc Funds Co. LLC acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth about $3,419,000. 42.11% of the stock is owned by institutional investors and hedge funds.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock opened at $21.24 on Thursday. The company has a 50-day simple moving average of $22.45 and a two-hundred day simple moving average of $22.39. Amerant Bancorp Inc. has a twelve month low of $18.54 and a twelve month high of $27.00. The stock has a market capitalization of $890.42 million, a price-to-earnings ratio of -37.26 and a beta of 1.06. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, February 14th. Amerant Bancorp’s dividend payout ratio (DPR) is currently -63.16%.

Wall Street Analysts Forecast Growth

AMTB has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Stephens reiterated an “overweight” rating and set a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Amerant Bancorp has an average rating of “Moderate Buy” and a consensus price target of $27.00.

About Amerant Bancorp

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.