Stieven Capital Advisors L.P. Takes $427,000 Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Stieven Capital Advisors L.P. acquired a new stake in Amerant Bancorp Inc. (NASDAQ:AMTB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $427,000. Stieven Capital Advisors L.P. owned about 0.06% of Amerant Bancorp at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Amerant Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company’s stock valued at $37,710,000 after acquiring an additional 10,835 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Amerant Bancorp by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock worth $19,621,000 after buying an additional 72,028 shares in the last quarter. Curi RMB Capital LLC boosted its holdings in Amerant Bancorp by 94.2% during the third quarter. Curi RMB Capital LLC now owns 388,319 shares of the company’s stock worth $8,298,000 after buying an additional 188,319 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Amerant Bancorp during the third quarter worth $6,945,000. Finally, Bank of New York Mellon Corp boosted its holdings in Amerant Bancorp by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 156,190 shares of the company’s stock worth $3,546,000 after buying an additional 21,318 shares in the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Raymond James lowered their price target on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Stephens upgraded shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Janney Montgomery Scott cut shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amerant Bancorp presently has an average rating of “Moderate Buy” and an average price target of $25.60.

Amerant Bancorp Stock Performance

NASDAQ:AMTB opened at $23.86 on Friday. 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 has a fifty day moving average of $21.41 and a two-hundred day moving average of $21.90. The stock has a market capitalization of $1.00 billion, a PE ratio of -16.12 and a beta of 0.99. Amerant Bancorp Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $27.00.

Amerant Bancorp (NASDAQ:AMTB) last issued its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. During the same period in the prior year, the business earned $0.64 earnings per share. As a group, research analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 14th. Amerant Bancorp’s dividend payout ratio (DPR) is -24.32%.

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.