Amerant Bancorp (NASDAQ:AMTB) Receives New Coverage from Analysts at Janney Montgomery Scott

Janney Montgomery Scott started coverage on shares of Amerant Bancorp (NASDAQ:AMTB) in a research note released on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating and a $25.00 price objective on the stock.

Separately, Keefe, Bruyette & Woods cut their target price on shares of Amerant Bancorp from $28.00 to $26.00 and set a market perform rating on the stock in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $25.60.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock opened at $21.19 on Tuesday. The company’s fifty day simple moving average is $22.09 and its two-hundred day simple moving average is $22.65. The firm has a market cap of $714.44 million, a PE ratio of 31.16 and a beta of 1.01. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.18. Amerant Bancorp has a 12-month low of $16.63 and a 12-month high of $26.13.

Amerant Bancorp (NASDAQ:AMTB) last announced its earnings results on Thursday, April 25th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The company had revenue of $92.46 million for the quarter, compared to the consensus estimate of $91.76 million. Amerant Bancorp had a net margin of 3.51% and a return on equity of 7.65%. During the same period in the previous year, the firm posted $0.59 EPS. As a group, equities analysts expect that Amerant Bancorp will post 1.72 EPS for the current year.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.70%. Amerant Bancorp’s dividend payout ratio (DPR) is currently 52.94%.

Insider Activity at Amerant Bancorp

In related news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total transaction of $239,296.98. Following the completion of the transaction, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amerant Bancorp news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total value of $239,296.98. Following the completion of the transaction, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at $225,317.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Armando Fleitas sold 6,240 shares of Amerant Bancorp stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $22.59, for a total transaction of $140,961.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,594 shares of the company’s stock, valued at $126,368.46. The disclosure for this sale can be found here. 7.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in Amerant Bancorp by 430.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,212 shares of the company’s stock worth $153,000 after buying an additional 5,042 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Amerant Bancorp by 10.3% during the fourth quarter. New York State Common Retirement Fund now owns 9,825 shares of the company’s stock valued at $241,000 after purchasing an additional 914 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Amerant Bancorp by 89.8% during the first quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company’s stock valued at $308,000 after purchasing an additional 6,261 shares during the last quarter. Salzhauer Michael raised its holdings in shares of Amerant Bancorp by 66.7% during the first quarter. Salzhauer Michael now owns 24,988 shares of the company’s stock valued at $582,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Amerant Bancorp by 15.3% during the third quarter. Swiss National Bank now owns 59,500 shares of the company’s stock valued at $1,038,000 after purchasing an additional 7,900 shares during the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Company 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.