Arizona State Retirement System Purchases Shares of 9,810 Amerant Bancorp Inc. (NASDAQ:AMTB)

Arizona State Retirement System purchased a new stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,810 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds also recently bought and sold shares of AMTB. US Bancorp DE boosted its holdings in Amerant Bancorp by 655.8% during the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after acquiring an additional 2,787 shares during the period. Stieven Capital Advisors L.P. bought a new stake in Amerant Bancorp during the third quarter valued at about $427,000. Foundry Partners LLC boosted its holdings in Amerant Bancorp by 20.8% during the third quarter. Foundry Partners LLC now owns 157,935 shares of the company’s stock valued at $3,375,000 after acquiring an additional 27,170 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Amerant Bancorp by 21.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company’s stock valued at $5,790,000 after buying an additional 47,882 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Amerant Bancorp in the third quarter valued at about $65,000. 42.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMTB. Keefe, Bruyette & Woods increased their target price on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Stephens reiterated an “overweight” rating and issued a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Amerant Bancorp Stock Up 2.3 %

Shares of AMTB opened at $21.07 on Friday. The stock has a market cap of $883.04 million, a price-to-earnings ratio of -36.96 and a beta of 1.06. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 12 month low of $18.54 and a 12 month high of $27.00. The company has a 50-day moving average price of $22.43 and a two-hundred day moving average price of $22.40.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, February 14th. Amerant Bancorp’s dividend payout ratio is -63.16%.

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.