Strs Ohio Invests $611,000 in Amerant Bancorp Inc. $AMTB

Strs Ohio purchased a new position in shares of Amerant Bancorp Inc. (NYSE:AMTB) in the fourth quarter, Holdings Channel.com reports. The fund purchased 31,300 shares of the company’s stock, valued at approximately $611,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Guerra Advisors Inc acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth approximately $32,000. CWM LLC increased its holdings in shares of Amerant Bancorp by 153.4% during the 3rd quarter. CWM LLC now owns 4,748 shares of the company’s stock worth $91,000 after buying an additional 2,874 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after buying an additional 526 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Amerant Bancorp during the 2nd quarter worth approximately $129,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth approximately $143,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Stock Performance

NYSE:AMTB opened at $23.41 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.91 and a current ratio of 0.87. The stock has a market capitalization of $941.58 million, a P/E ratio of 16.60 and a beta of 0.90. The company has a 50 day moving average price of $22.37 and a 200 day moving average price of $20.73. Amerant Bancorp Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $24.38.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $97.66 million during the quarter, compared to analysts’ expectations of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. Equities research analysts forecast that Amerant Bancorp Inc. will post 1.76 EPS for the current year.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. Amerant Bancorp’s dividend payout ratio (DPR) is currently 25.53%.

Wall Street Analysts Forecast Growth

AMTB has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods increased their price objective 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. Wall Street Zen cut shares of Amerant Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research report on Friday, March 27th. Finally, Zacks Research cut shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.67.

Amerant Bancorp Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.