Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC increased its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 20.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 157,935 shares of the company’s stock after purchasing an additional 27,170 shares during the quarter. Foundry Partners LLC’s holdings in Amerant Bancorp were worth $3,375,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Amerant Bancorp by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock worth $19,621,000 after acquiring an additional 72,028 shares during the period. Creative Planning raised its holdings in shares of Amerant Bancorp by 7.6% in the third quarter. Creative Planning now owns 11,974 shares of the company’s stock valued at $256,000 after buying an additional 850 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Amerant Bancorp in the third quarter valued at about $6,945,000. Vanguard Group Inc. raised its holdings in shares of Amerant Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company’s stock valued at $37,710,000 after buying an additional 10,835 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Amerant Bancorp in the 2nd quarter valued at approximately $250,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMTB shares. Janney Montgomery Scott cut shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 target price for the company. in a report on Friday, July 26th. Raymond James cut their price target on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Stephens raised Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $24.00 to $25.00 in a research report on Monday, September 30th. Keefe, Bruyette & Woods dropped their price objective on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Finally, Piper Sandler increased their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Amerant Bancorp has an average rating of “Moderate Buy” and an average target price of $25.60.

Amerant Bancorp Price Performance

Shares of AMTB opened at $24.92 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -16.08 and a beta of 0.99. Amerant Bancorp Inc. has a one year low of $18.54 and a one year high of $27.00. The stock’s fifty day moving average is $21.59 and its 200-day moving average is $21.92.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The firm had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. During the same quarter in the prior year, the business earned $0.64 EPS. Equities analysts anticipate that Amerant Bancorp Inc. will post 1.22 EPS for the current year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 14th. Amerant Bancorp’s dividend payout ratio (DPR) is presently -24.32%.

About Amerant Bancorp

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.