Key Points
- Insider purchase: Director Odilon Almeida bought 4,816 shares at an average price of $20.99 (≈$101,088), raising his holdings to 5,316 shares — a reported 963.2% increase in his position.
- Analyst sentiment improved: Several firms raised price targets (Piper Sandler to $25, others to $23), and the consensus rating is a "Moderate Buy" with a target of $23.75.
- Dividend announced: Amerant declared a $0.09 quarterly dividend (annualized $0.36, ~1.7% yield) with an ex-dividend date of Feb. 13 and payment on Feb. 27.
Amerant Bancorp Inc. (NASDAQ:AMTB - Get Free Report) Director Odilon Almeida acquired 4,816 shares of the company's stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average cost of $20.99 per share, with a total value of $101,087.84. Following the purchase, the director owned 5,316 shares in the company, valued at $111,582.84. This represents a 963.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Amerant Bancorp Trading Up 0.2%
AMTB opened at $20.89 on Thursday. The firm has a market capitalization of $862.05 million, a price-to-earnings ratio of -36.65 and a beta of 1.03. The company's 50 day simple moving average is $20.01 and its two-hundred day simple moving average is $19.56. Amerant Bancorp Inc. has a 1-year low of $15.62 and a 1-year high of $24.30. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.
Amerant Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, February 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.7%. Amerant Bancorp's dividend payout ratio (DPR) is presently 28.80%.
Institutional Trading of Amerant Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Guerra Advisors Inc purchased a new position in Amerant Bancorp during the third quarter worth about $32,000. CWM LLC boosted its position in shares of Amerant Bancorp by 153.4% during the 3rd quarter. CWM LLC now owns 4,748 shares of the company's stock worth $91,000 after purchasing an additional 2,874 shares during the period. Tower Research Capital LLC TRC increased its holdings in Amerant Bancorp by 11.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company's stock valued at $91,000 after purchasing an additional 526 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Amerant Bancorp in the second quarter valued at approximately $129,000. Finally, Aquatic Capital Management LLC acquired a new position in Amerant Bancorp during the third quarter worth $143,000. 42.11% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on AMTB shares. Piper Sandler lifted their price target on Amerant Bancorp from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Raymond James Financial increased their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.75.
Read Our Latest Research Report on AMTB
About Amerant Bancorp
(
Get Free Report)
Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.
The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.
Further Reading
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