Keefe, Bruyette & Woods Cuts Amerant Bancorp (NASDAQ:AMTB) Price Target to $26.00

Amerant Bancorp (NASDAQ:AMTB) had its price target cut by Keefe, Bruyette & Woods from $28.00 to $26.00 in a report issued on Friday morning, Benzinga reports. They currently have a market perform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Raymond James boosted their target price on shares of Amerant Bancorp from $23.00 to $27.00 and gave the stock an outperform rating in a research report on Friday, January 26th. Piper Sandler reaffirmed a neutral rating and set a $25.00 price target on shares of Amerant Bancorp in a research report on Friday, January 26th.

Amerant Bancorp Stock Down 0.1 %

Shares of NASDAQ:AMTB opened at $22.61 on Friday. The firm has a market cap of $759.70 million, a P/E ratio of 33.25 and a beta of 0.96. The business has a fifty day simple moving average of $21.97 and a 200 day simple moving average of $22.05. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.08. Amerant Bancorp has a 12-month low of $15.79 and a 12-month high of $26.13.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings data 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 quarter last year, the firm earned $0.59 EPS. Analysts predict that Amerant Bancorp will post 1.72 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, May 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.59%. Amerant Bancorp’s payout ratio is currently 52.94%.

Insider Activity

In other news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total transaction of $239,296.98. Following the completion of the sale, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.49% of the company’s stock.

Institutional Investors Weigh In On Amerant Bancorp

A number of hedge funds have recently made changes to their positions in AMTB. JCSD Capital LLC raised its stake in shares of Amerant Bancorp by 13.3% during the third quarter. JCSD Capital LLC now owns 86,030 shares of the company’s stock valued at $1,500,000 after acquiring an additional 10,100 shares during the last quarter. Swiss National Bank increased its holdings in Amerant Bancorp by 15.3% in the 3rd quarter. Swiss National Bank now owns 59,500 shares of the company’s stock worth $1,038,000 after buying an additional 7,900 shares in the last quarter. Salzhauer Michael purchased a new stake in Amerant Bancorp in the third quarter worth approximately $261,000. American Century Companies Inc. boosted its stake in shares of Amerant Bancorp by 11.9% in the 3rd quarter. American Century Companies Inc. now owns 294,268 shares of the company’s stock worth $5,132,000 after buying an additional 31,391 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Amerant Bancorp by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,846,017 shares of the company’s stock valued at $49,635,000 after purchasing an additional 99,146 shares during the period. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Company Profile

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.