Odilon Almeida Buys 4,816 Shares of Amerant Bancorp (NASDAQ:AMTB) Stock

Amerant Bancorp Inc. (NASDAQ:AMTB) Director Odilon Almeida purchased 4,816 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was bought at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the acquisition, the director directly owned 5,316 shares in the company, valued at approximately $111,582.84. This trade represents a 963.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Amerant Bancorp Stock Performance

Shares of AMTB opened at $21.69 on Friday. Amerant Bancorp Inc. has a 12 month low of $15.62 and a 12 month high of $24.30. The stock has a fifty day moving average price of $20.09 and a 200-day moving average price of $19.58. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The firm has a market cap of $895.22 million, a PE ratio of -38.06 and a beta of 1.03.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.09 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. Amerant Bancorp’s dividend payout ratio is presently 28.80%.

Analysts Set New Price Targets

AMTB has been the subject of several research analyst reports. Raymond James Financial upped their target price on Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Piper Sandler lifted their price target on Amerant Bancorp from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.75.

Hedge Funds Weigh In On Amerant Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in Amerant Bancorp by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,732,375 shares of the company’s stock valued at $110,463,000 after buying an additional 19,426 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Amerant Bancorp by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock valued at $47,311,000 after acquiring an additional 206,874 shares during the last quarter. Patriot Financial Partners GP II L.P. purchased a new stake in shares of Amerant Bancorp in the third quarter valued at about $44,621,000. Dimensional Fund Advisors LP increased its position in Amerant Bancorp by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,335,719 shares of the company’s stock worth $25,740,000 after purchasing an additional 25,149 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Amerant Bancorp by 0.3% during the second quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock worth $15,602,000 after purchasing an additional 2,929 shares during the period. Hedge funds and other institutional investors own 42.11% of the company’s stock.

About Amerant Bancorp

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.