Amerant Bancorp (NYSE:AMTB) Insider Carlos Iafigliola Purchases 885 Shares

Key Points

• Carlos Iafigliola, an insider, purchased 885 shares on April 27 at an average price of $22.80 for $20,178, boosting his direct stake to 21,576 shares (a 4.28% increase).
• Amerant stock traded at $22.83 (up 0.5%) with a market cap of about $918.6M, a P/E of 16.19 and a 12‑month range of $15.62–$24.38; the firm announced a quarterly dividend of $0.09 (annualized $0.36, ~1.6% yield) with an ex-dividend date of May 15.
• Amerant reported Q1 EPS of $0.44, beating estimates by $0.01 while revenue missed at $97.66M versus $102.56M, and analysts' consensus is a Hold with an average price target of $23.75.

Amerant Bancorp Inc. (NYSE:AMTB - Get Free Report) insider Carlos Iafigliola purchased 885 shares of the stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $22.80 per share, with a total value of $20,178.00. Following the acquisition, the insider directly owned 21,576 shares in the company, valued at $491,932.80. This represents a 4.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Carlos Iafigliola also recently made the following trade(s):

• On Friday, January 30th, Carlos Iafigliola acquired 1,000 shares of Amerant Bancorp stock. The stock was purchased at an average price of $21.74 per share, for a total transaction of $21,740.00.

Amerant Bancorp Stock Up 0.5%

Shares of Amerant Bancorp stock traded up $0.10 during trading on Tuesday, hitting $22.83. 280,243 shares of the stock were exchanged, compared to its average volume of 280,416. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.91. The firm's 50-day moving average price is $22.27 and its 200 day moving average price is $20.54. The stock has a market cap of $918.59 million, a price-to-earnings ratio of 16.19 and a beta of 0.93. Amerant Bancorp Inc. has a 12-month low of $15.62 and a 12-month high of $24.38.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Amerant Bancorp had a return on equity of 8.54% and a net margin of 8.83%.The firm had revenue of $97.66 million for the quarter, compared to analyst estimates of $102.56 million. As a group, analysts forecast that Amerant Bancorp Inc. will post 1.91 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Amerant Bancorp's dividend payout ratio (DPR) is 25.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amerant Bancorp in a report on Friday, March 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 28th. Zacks Research cut shares of Amerant Bancorp from a "hold" rating to a "strong sell" rating in a report on Friday. Piper Sandler increased their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 26th. Finally, Wall Street Zen lowered shares of Amerant Bancorp from a "buy" rating to a "hold" rating in a research note on Sunday, March 1st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $23.75.

Institutional Investors Weigh In On Amerant Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guerra Advisors Inc purchased a new position in shares of Amerant Bancorp during the third quarter worth approximately $32,000. State of Wyoming purchased a new stake in Amerant Bancorp in the 4th quarter valued at $78,000. CWM LLC boosted its stake in Amerant Bancorp by 153.4% during the 3rd quarter. CWM LLC now owns 4,748 shares of the company's stock worth $91,000 after purchasing an additional 2,874 shares during the period. Tower Research Capital LLC TRC grew its position in Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company's stock worth $91,000 after purchasing an additional 526 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Amerant Bancorp during the 2nd quarter worth $129,000. Hedge funds and other institutional investors own 42.11% of the company's stock.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.

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