Amerant Bancorp Inc. $AMTB Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Amerant Bancorp Inc. (NYSE:AMTB) by 171.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,940 shares of the company’s stock after buying an additional 140,833 shares during the quarter. JPMorgan Chase & Co.’s holdings in Amerant Bancorp were worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMTB. Guerra Advisors Inc acquired a new position in shares of Amerant Bancorp in the 3rd quarter valued at $32,000. CWM LLC raised its position in Amerant Bancorp by 153.4% in the 3rd quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after purchasing an additional 2,874 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 526 shares during the period. Raymond James Financial Inc. purchased a new position in Amerant Bancorp during the 2nd quarter worth $129,000. Finally, Aquatic Capital Management LLC purchased a new position in Amerant Bancorp during the 3rd quarter worth $143,000. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amerant Bancorp

In other Amerant Bancorp news, Director Odilon Almeida bought 4,816 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $101,087.84. Following the purchase, the director owned 5,316 shares in the company, valued at approximately $111,582.84. This represents a 963.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMTB shares. Wall Street Zen cut shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Keefe, Bruyette & Woods raised their price target on Amerant Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Piper Sandler upped their price objective on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amerant Bancorp in a research report on Friday, March 27th. Finally, Raymond James Financial lifted their target price on Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Amerant Bancorp Stock Up 0.8%

AMTB stock opened at $22.76 on Friday. The stock has a market capitalization of $915.72 million, a PE ratio of 18.21 and a beta of 0.93. The company has a fifty day moving average of $21.79 and a 200-day moving average of $20.08. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.91 and a current ratio of 0.92. Amerant Bancorp Inc. has a one year low of $15.62 and a one year high of $23.55.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $230.71 million for the quarter. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.09 per share. The ex-dividend date was Friday, February 13th. This represents a $0.36 annualized dividend and a yield of 1.6%. Amerant Bancorp’s payout ratio is presently 28.80%.

Amerant Bancorp Company 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.