Curi RMB Capital LLC Reduces Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Curi RMB Capital LLC reduced its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 364,290 shares of the company's stock after selling 24,029 shares during the period. Curi RMB Capital LLC owned about 0.87% of Amerant Bancorp worth $8,164,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Amerant Bancorp by 121.2% during the third quarter. Barclays PLC now owns 67,916 shares of the company's stock valued at $1,452,000 after purchasing an additional 37,208 shares during the period. Geode Capital Management LLC lifted its holdings in Amerant Bancorp by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock valued at $15,697,000 after buying an additional 87,696 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Amerant Bancorp by 47.5% in 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 during the period. Intech Investment Management LLC bought a new position in Amerant Bancorp in the 4th quarter worth about $269,000. Finally, JPMorgan Chase & Co. increased its position in shares of Amerant Bancorp by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company's stock worth $497,000 after acquiring an additional 1,705 shares during the period. Hedge funds and other institutional investors own 42.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and issued a $29.00 price objective on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their price target on shares of Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a research report on Friday. Finally, Raymond James lowered shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.60.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock traded down $0.18 on Friday, reaching $16.75. The company's stock had a trading volume of 105,445 shares, compared to its average volume of 183,741. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $20.45 and a 200-day moving average price of $22.01. The company has a market capitalization of $702.16 million, a P/E ratio of -29.30 and a beta of 1.05. Amerant Bancorp Inc. has a 52-week low of $16.21 and a 52-week high of $27.00.

Amerant Bancorp Announces Dividend

The business also recently announced 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 of this dividend is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.15%. Amerant Bancorp's dividend payout ratio is currently -60.00%.

Amerant Bancorp 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.