Foundry Partners LLC Cuts Stake in Amerant Bancorp Inc. (NASDAQ:AMTB)

Foundry Partners LLC reduced its stake in Amerant Bancorp Inc. (NASDAQ:AMTB) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,025 shares of the company’s stock after selling 2,400 shares during the period. Foundry Partners LLC owned approximately 0.40% of Amerant Bancorp worth $3,268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Swiss National Bank lifted its holdings in shares of Amerant Bancorp by 15.3% during the third quarter. Swiss National Bank now owns 59,500 shares of the company’s stock valued at $1,038,000 after purchasing an additional 7,900 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Amerant Bancorp by 11.9% during the third quarter. American Century Companies Inc. now owns 294,268 shares of the company’s stock valued at $5,132,000 after purchasing an additional 31,391 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Amerant Bancorp by 3.6% during the third quarter. Wellington Management Group LLP now owns 2,846,017 shares of the company’s stock valued at $49,635,000 after purchasing an additional 99,146 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amerant Bancorp by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,559,080 shares of the company’s stock valued at $27,190,000 after purchasing an additional 20,214 shares in the last quarter. Finally, JCSD Capital LLC lifted its holdings in shares of Amerant Bancorp by 13.3% during the third quarter. JCSD Capital LLC now owns 86,030 shares of the company’s stock valued at $1,500,000 after purchasing an additional 10,100 shares in the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Up 0.1 %

AMTB stock opened at $22.20 on Tuesday. Amerant Bancorp Inc. has a fifty-two week low of $15.79 and a fifty-two week high of $26.13. The business’s 50-day moving average is $21.94 and its two-hundred day moving average is $21.83. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.91 and a current ratio of 0.96. The company has a market cap of $745.92 million, a price-to-earnings ratio of 22.89 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB) last posted its earnings results on Wednesday, January 24th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Amerant Bancorp had a return on equity of 8.88% and a net margin of 5.11%. The company had revenue of $101.29 million for the quarter, compared to the consensus estimate of $91.52 million. As a group, analysts forecast that Amerant Bancorp Inc. will post 1.72 earnings per share for the current year.

Analysts Set New Price Targets

AMTB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on Amerant Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Raymond James upped their price target on Amerant Bancorp from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Piper Sandler reissued a “neutral” rating and issued a $25.00 target price on shares of Amerant Bancorp in a report on Friday, January 26th.

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.