Amerant Bancorp Inc. (NASDAQ:AMTB) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 144,746 shares of the company’s stock after buying an additional 9,893 shares during the quarter. Bank of New York Mellon Corp’s holdings in Amerant Bancorp were worth $3,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foundry Partners LLC boosted its stake in shares of Amerant Bancorp by 20.8% during the 3rd quarter. Foundry Partners LLC now owns 157,935 shares of the company’s stock valued at $3,375,000 after buying an additional 27,170 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Amerant Bancorp by 21.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company’s stock valued at $5,790,000 after buying an additional 47,882 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Amerant Bancorp during the 3rd quarter valued at $65,000. BNP Paribas Financial Markets boosted its stake in shares of Amerant Bancorp by 47.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,132 shares of the company’s stock valued at $281,000 after buying an additional 4,246 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Amerant Bancorp by 74.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after buying an additional 3,845 shares during the period. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and issued a $29.00 price objective on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Amerant Bancorp Price Performance

Shares of AMTB stock opened at $21.37 on Thursday. Amerant Bancorp Inc. has a 1 year low of $18.54 and a 1 year high of $27.00. The firm’s 50 day moving average is $22.42 and its 200-day moving average is $22.39. The firm has a market capitalization of $895.96 million, a price-to-earnings ratio of -37.50 and a beta of 1.06. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 1.68%. Amerant Bancorp’s dividend payout ratio is currently -63.16%.

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.