Amerant Bancorp Inc. (NASDAQ:AMTB) COO Sells $239,296.98 in Stock

Amerant Bancorp Inc. (NASDAQ:AMTB) COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total transaction of $239,296.98. Following the transaction, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at $225,317.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amerant Bancorp Trading Down 0.1 %

NASDAQ AMTB opened at $22.61 on Monday. The stock has a market cap of $759.70 million, a PE ratio of 33.25 and a beta of 0.96. Amerant Bancorp Inc. has a 12 month low of $15.79 and a 12 month high of $26.13. The company’s 50-day moving average price is $21.97 and its 200-day moving average price is $22.05. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.08.

Amerant Bancorp (NASDAQ:AMTB) last issued its earnings results on Thursday, April 25th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.59 earnings per share. Equities research analysts forecast that Amerant Bancorp Inc. will post 1.72 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.36 annualized dividend and a yield of 1.59%. Amerant Bancorp’s payout ratio is currently 52.94%.

Analyst Ratings Changes

AMTB has been the subject of several analyst reports. Raymond James raised their target price on shares of 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 dropped their target price on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $25.00 price target on shares of Amerant Bancorp in a report on Friday, January 26th.

Institutional Investors Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of 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 valued at $153,000 after buying an additional 5,042 shares during the period. New York State Common Retirement Fund increased its position in Amerant Bancorp by 10.3% during the 4th quarter. New York State Common Retirement Fund now owns 9,825 shares of the company’s stock valued at $241,000 after purchasing an additional 914 shares during the period. Salzhauer Michael bought a new stake in shares of Amerant Bancorp in the 3rd quarter valued at about $261,000. BNP Paribas Financial Markets lifted its position 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 worth $308,000 after purchasing an additional 6,261 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Amerant Bancorp by 15.3% during the third quarter. Swiss National Bank now owns 59,500 shares of the company’s stock valued at $1,038,000 after purchasing an additional 7,900 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

About Amerant Bancorp

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.