Amerant Bancorp (NASDAQ:AMTB) Price Target Lowered to $20.00 at Keefe, Bruyette & Woods

Amerant Bancorp (NASDAQ:AMTB - Free Report) had its target price trimmed by Keefe, Bruyette & Woods from $24.00 to $20.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

AMTB has been the subject of a number of other reports. Raymond James lowered shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 24th. Stephens reiterated an "overweight" rating and issued a $29.00 price objective on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $24.60.

Amerant Bancorp Stock Performance

Amerant Bancorp stock traded down $0.17 during trading hours on Friday, hitting $16.89. 238,389 shares of the stock traded hands, compared to its average volume of 192,871. Amerant Bancorp has a 1 year low of $16.21 and a 1 year high of $27.00. The stock has a market capitalization of $708.03 million, a price-to-earnings ratio of -29.63 and a beta of 1.05. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The firm's 50 day moving average price is $20.04 and its 200-day moving average price is $21.96.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.13%. Amerant Bancorp's payout ratio is -60.00%.

Hedge Funds Weigh In On Amerant Bancorp

Several large investors have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Amerant Bancorp by 121.2% during the 3rd quarter. Barclays PLC now owns 67,916 shares of the company's stock valued at $1,452,000 after acquiring an additional 37,208 shares during the period. Geode Capital Management LLC grew its holdings in Amerant Bancorp by 13.6% in the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock valued at $15,697,000 after purchasing an additional 87,696 shares during the period. JPMorgan Chase & Co. increased its position in shares of Amerant Bancorp by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company's stock valued at $497,000 after buying an additional 1,705 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Amerant Bancorp by 50.5% during the 4th quarter. SG Americas Securities LLC now owns 23,467 shares of the company's stock worth $526,000 after buying an additional 7,877 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Amerant Bancorp by 47.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock valued at $10,745,000 after buying an additional 154,466 shares in the last quarter. 42.11% of the stock is currently owned by institutional investors and hedge funds.

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.