Key Points
- Insider purchase: Director Carlos Iafigliola bought 1,000 shares on Jan 30 at an average price of $21.74 (total $21,740), bringing his holding to 15,964 shares — a 6.68% increase valued at about $347,057.
- Dividend announced: Amerant declared a quarterly dividend of $0.09 per share (annualized $0.36) with an ex-dividend date of Feb 13 and pay date Feb 27, implying a ~1.7% yield and a payout ratio of 28.8%.
- Analyst sentiment: Several firms raised price targets (Piper Sandler to $25, Keefe Bruyette & Woods and Raymond James to $23) and the consensus is a "Moderate Buy" with an average target of $23.75 (three Buys, one Hold).
Amerant Bancorp Inc. (NASDAQ:AMTB - Get Free Report) insider Carlos Iafigliola bought 1,000 shares of the firm's stock in a transaction on Friday, January 30th. The shares were purchased at an average price of $21.74 per share, for a total transaction of $21,740.00. Following the completion of the transaction, the insider owned 15,964 shares of the company's stock, valued at $347,057.36. This represents a 6.68% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Amerant Bancorp Stock Up 0.1%
Amerant Bancorp stock opened at $21.76 on Friday. Amerant Bancorp Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $24.30. The firm has a market capitalization of $897.95 million, a price-to-earnings ratio of -38.18 and a beta of 1.03. The stock's fifty day moving average is $20.17 and its two-hundred day moving average is $19.59. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01.
Amerant Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, February 13th. Amerant Bancorp's dividend payout ratio (DPR) is 28.80%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on AMTB. Keefe, Bruyette & Woods increased their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a research report on Wednesday. Piper Sandler raised their price target on Amerant Bancorp from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Raymond James Financial boosted their price target on Amerant Bancorp from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.75.
Check Out Our Latest Stock Report on Amerant Bancorp
Hedge Funds Weigh In On Amerant Bancorp
Several large investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH purchased a new position in Amerant Bancorp during the second quarter worth approximately $695,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Amerant Bancorp by 3.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 550,683 shares of the company's stock worth $10,039,000 after buying an additional 16,943 shares during the last quarter. CSM Advisors LLC purchased a new position in shares of Amerant Bancorp in the 2nd quarter worth $3,898,000. JCSD Capital LLC acquired a new position in Amerant Bancorp in the second quarter valued at $2,466,000. Finally, Peregrine Capital Management LLC grew its position in Amerant Bancorp by 9.3% during the second quarter. Peregrine Capital Management LLC now owns 246,297 shares of the company's stock valued at $4,490,000 after acquiring an additional 20,954 shares during the period. 42.11% of the stock is currently owned by hedge funds and other institutional investors.
Amerant Bancorp Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].