Amerant Bancorp Inc. (NASDAQ:AMTB - Get Free Report) COO Carlos Iafigliola sold 10,579 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 9,961 shares in the company, valued at $225,317.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Amerant Bancorp Stock Down 0.1 %
Shares of NASDAQ AMTB opened at $22.61 on Friday. The business has a 50-day moving average of $21.97 and a two-hundred day moving average of $22.01. The company has a market capitalization of $759.70 million, a price-to-earnings ratio of 13.64 and a beta of 0.96. Amerant Bancorp Inc. has a 1 year low of $15.79 and a 1 year high of $26.13. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.96 and a quick ratio of 0.91.
Amerant Bancorp (NASDAQ:AMTB - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Amerant Bancorp had a return on equity of 7.68% and a net margin of 5.11%. During the same period last year, the business posted $0.59 EPS. On average, analysts forecast that Amerant Bancorp Inc. will post 1.72 earnings per share for the current fiscal year.
Amerant Bancorp Announces Dividend
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The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, May 14th. Amerant Bancorp's payout ratio is 52.94%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in Amerant Bancorp by 430.9% during 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 period. New York State Common Retirement Fund boosted its holdings in shares of Amerant Bancorp by 10.3% in the fourth quarter. New York State Common Retirement Fund now owns 9,825 shares of the company's stock valued at $241,000 after acquiring an additional 914 shares during the period. Salzhauer Michael purchased a new position in shares of Amerant Bancorp during the third quarter worth approximately $261,000. BNP Paribas Financial Markets increased its holdings in shares of Amerant Bancorp by 89.8% in the 1st quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company's stock valued at $308,000 after acquiring an additional 6,261 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Amerant Bancorp by 15.3% in the 3rd quarter. Swiss National Bank now owns 59,500 shares of the company's stock valued at $1,038,000 after acquiring an additional 7,900 shares during the period. 42.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on AMTB. Raymond James upped their price target on Amerant Bancorp from $23.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Keefe, Bruyette & Woods reduced 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 report on Friday. Finally, Piper Sandler reiterated a "neutral" rating and set a $25.00 price target on shares of Amerant Bancorp in a report on Friday, January 26th.
Read Our Latest Stock Report on Amerant Bancorp
About Amerant Bancorp
(
Get Free Report)
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.
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