US Bancorp DE Increases Stock Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

US Bancorp DE grew its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 655.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,212 shares of the company’s stock after purchasing an additional 2,787 shares during the period. US Bancorp DE’s holdings in Amerant Bancorp were worth $69,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMTB. BNP Paribas Financial Markets increased its position 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 worth $308,000 after acquiring an additional 6,261 shares during the period. Vanguard Group Inc. grew its stake in Amerant Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,619,150 shares of the company’s stock worth $37,710,000 after purchasing an additional 10,835 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Amerant Bancorp during the 2nd quarter worth about $199,000. Bank of New York Mellon Corp raised its position in Amerant Bancorp by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 156,190 shares of the company’s stock valued at $3,546,000 after purchasing an additional 21,318 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Amerant Bancorp by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after buying an additional 1,197 shares during the period. Institutional investors and hedge funds own 42.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Amerant Bancorp Trading Down 0.6 %

Shares of Amerant Bancorp stock opened at $23.86 on Monday. 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 company has a fifty day simple moving average of $21.41 and a 200-day simple moving average of $21.90. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -16.12 and a beta of 0.99. Amerant Bancorp Inc. has a 12-month low of $18.54 and a 12-month high of $27.00.

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

Amerant Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.51%. Amerant Bancorp’s dividend payout ratio 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.