Key Points
- Carlos Iafigliola bought 885 shares of Amerant Bancorp (AMTB) on April 27 at $22.80 each, raising his stake to 21,576 shares (a 4.28% increase) — the trade was disclosed in an SEC filing.
- Amerant posted Q1 EPS of $0.44 versus $0.43 expected but revenue of $97.66M missed estimates, and the company declared a $0.09 quarterly dividend (ex-dividend May 15, payable May 29; ~1.6% yield).
- Analysts hold an average rating of "Hold" with a consensus price target of $23.67, and the stock has a market cap of roughly $919 million.
Amerant Bancorp Inc. (NYSE:AMTB - Get Free Report) insider Carlos Iafigliola bought 885 shares of the stock in a transaction dated Monday, April 27th. The stock was bought at an average price of $22.80 per share, with a total value of $20,178.00. Following the acquisition, the insider owned 21,576 shares in the company, valued at approximately $491,932.80. This represents a 4.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Carlos Iafigliola also recently made the following trade(s):
- On Friday, January 30th, Carlos Iafigliola bought 1,000 shares of Amerant Bancorp stock. The stock was bought at an average price of $21.74 per share, with a total value of $21,740.00.
Amerant Bancorp Trading Up 0.5%
Shares of Amerant Bancorp stock opened at $22.83 on Wednesday. The company has a fifty day simple moving average of $22.27 and a 200-day simple moving average of $20.57. Amerant Bancorp Inc. has a 12-month low of $15.62 and a 12-month high of $24.38. The stock has a market cap of $918.57 million, a price-to-earnings ratio of 16.19 and a beta of 0.93. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.86.
Amerant Bancorp (NYSE:AMTB - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.54%. The firm had revenue of $97.66 million during the quarter, compared to the consensus estimate of $102.56 million. On average, equities analysts forecast that Amerant Bancorp Inc. will post 1.91 EPS for the current fiscal year.
Amerant Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.09 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.36 annualized dividend and a yield of 1.6%. Amerant Bancorp's dividend payout ratio is 25.53%.
Hedge Funds Weigh In On Amerant Bancorp
Several institutional investors have recently bought and sold shares of AMTB. AQR Capital Management LLC increased its stake in Amerant Bancorp by 83.0% in the 1st quarter. AQR Capital Management LLC now owns 22,594 shares of the company's stock valued at $466,000 after buying an additional 10,249 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amerant Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company's stock worth $454,000 after purchasing an additional 963 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Amerant Bancorp by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company's stock worth $1,898,000 after purchasing an additional 5,434 shares during the period. Legal & General Group Plc grew its stake in shares of Amerant Bancorp by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 35,819 shares of the company's stock worth $653,000 after purchasing an additional 617 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Amerant Bancorp during the 2nd quarter worth $275,000. 42.11% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on AMTB. Raymond James Financial upped their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Wednesday, January 7th. Wall Street Zen cut shares of Amerant Bancorp from a "buy" rating to a "hold" rating in a research note on Sunday, March 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Amerant Bancorp in a research note on Friday, March 27th. Piper Sandler boosted their price objective on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.67.
Check Out Our Latest Stock Report on Amerant Bancorp
Amerant Bancorp Company Profile
(
Get Free Report)
Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.
Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.
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