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

Foundry Partners LLC boosted its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221,540 shares of the company’s stock after buying an additional 63,605 shares during the period. Foundry Partners LLC owned 0.53% of Amerant Bancorp worth $4,965,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Amerant Bancorp by 121.2% during the 3rd quarter. Barclays PLC now owns 67,916 shares of the company’s stock worth $1,452,000 after buying an additional 37,208 shares during the last quarter. Geode Capital Management LLC increased its stake in Amerant Bancorp by 13.6% during the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock worth $15,697,000 after acquiring an additional 87,696 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Amerant Bancorp by 47.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company’s stock valued at $10,745,000 after purchasing an additional 154,466 shares during the period. Intech Investment Management LLC acquired a new position in shares of Amerant Bancorp in the 4th quarter valued at $269,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Amerant Bancorp by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock worth $497,000 after purchasing an additional 1,705 shares during the period. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Down 4.1 %

Shares of NASDAQ:AMTB opened at $17.59 on Friday. The firm has a market capitalization of $737.50 million, a PE ratio of -30.86 and a beta of 1.05. Amerant Bancorp Inc. has a 1 year low of $16.55 and a 1 year high of $27.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The firm’s 50-day moving average is $22.09 and its two-hundred day moving average is $22.33.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 2.05%. Amerant Bancorp’s dividend payout ratio (DPR) is presently -63.16%.

Analysts Set New Price Targets

AMTB has been the topic of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $29.00 target price on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Amerant Bancorp Profile

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.