Quantinno Capital Management LP Raises Position in Amerant Bancorp Inc. $AMTB

Quantinno Capital Management LP lifted its holdings in shares of Amerant Bancorp Inc. (NYSE:AMTB) by 45.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,210 shares of the company’s stock after purchasing an additional 17,201 shares during the quarter. Quantinno Capital Management LP’s holdings in Amerant Bancorp were worth $1,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming acquired a new position in Amerant Bancorp in the fourth quarter valued at $78,000. Tower Research Capital LLC TRC boosted its stake in Amerant Bancorp by 11.8% in 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 Amerant Bancorp in the 2nd quarter worth about $129,000. Aquatic Capital Management LLC purchased a new stake in Amerant Bancorp in the 3rd quarter valued at about $143,000. Finally, BNP Paribas Financial Markets grew its holdings in Amerant Bancorp by 60.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,476 shares of the company’s stock valued at $144,000 after buying an additional 2,819 shares during the period. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock opened at $29.16 on Friday. The business’s fifty day moving average price is $26.28 and its 200 day moving average price is $23.74. Amerant Bancorp Inc. has a twelve month low of $15.62 and a twelve month high of $30.60. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.14 billion, a P/E ratio of 20.98 and a beta of 0.87.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.39 by $0.14. The company had revenue of $183.31 million during the quarter, compared to analyst estimates of $98.64 million. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%. As a group, research analysts anticipate that Amerant Bancorp Inc. will post 2.22 earnings per share for the current year.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, August 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. Amerant Bancorp’s payout ratio is presently 25.90%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMTB. Weiss Ratings downgraded shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Zacks Research upgraded shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Stephens lowered shares of Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a research report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Amerant Bancorp from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.75.

About Amerant Bancorp

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.