Banc Funds Co. LLC Acquires Shares of 160,000 Amerant Bancorp Inc. (NASDAQ:AMTB)

Banc Funds Co. LLC bought a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 160,000 shares of the company’s stock, valued at approximately $3,419,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in Amerant Bancorp during the third quarter worth $65,000. US Bancorp DE lifted its stake in shares of Amerant Bancorp by 655.8% during the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company’s stock worth $69,000 after buying an additional 2,787 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Amerant Bancorp by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock worth $117,000 after buying an additional 1,197 shares during the period. SG Americas Securities LLC acquired a new position in Amerant Bancorp in the 2nd quarter valued at about $199,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Amerant Bancorp by 74.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after acquiring an additional 3,845 shares during the period. 42.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Stephens upgraded shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $25.00 in a research note on Monday, September 30th. Finally, Raymond James decreased their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Amerant Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

Amerant Bancorp Stock Performance

Shares of NASDAQ:AMTB opened at $24.87 on Monday. The company’s 50 day simple moving average is $22.08 and its 200 day simple moving average is $22.02. 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 Inc. has a 1 year low of $18.54 and a 1 year high of $27.00. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -16.80 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. During the same quarter in the previous year, the firm earned $0.64 EPS. As a group, research analysts predict that Amerant Bancorp Inc. will post 1.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a $0.09 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.45%. Amerant Bancorp’s payout ratio is currently -24.32%.

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.