Dimensional Fund Advisors LP Grows Stake in Amerant Bancorp Inc. (NASDAQ:AMTB)

Dimensional Fund Advisors LP raised its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,052,955 shares of the company's stock after purchasing an additional 66,816 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.50% of Amerant Bancorp worth $23,597,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Sterling Capital Management LLC boosted its position in Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock worth $26,000 after purchasing an additional 1,061 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Amerant Bancorp by 49.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock valued at $87,000 after purchasing an additional 1,286 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Amerant Bancorp during the fourth quarter worth $148,000. Arizona State Retirement System purchased a new stake in shares of Amerant Bancorp during the 4th quarter worth approximately $220,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Amerant Bancorp during the 4th quarter valued at approximately $259,000. 42.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMTB has been the subject of a number of recent research reports. Stephens reissued an "overweight" rating and issued a $24.00 price objective on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Raymond James lowered Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $24.60.

Amerant Bancorp Stock Performance

Shares of AMTB stock traded up $0.48 on Monday, hitting $18.29. The company had a trading volume of 66,425 shares, compared to its average volume of 189,959. The firm has a market cap of $766.51 million, a P/E ratio of -32.04 and a beta of 1.31. Amerant Bancorp Inc. has a twelve month low of $16.21 and a twelve month high of $27.00. The company has a 50-day moving average price of $19.21 and a 200-day moving average price of $21.78. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given 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 yield of 1.97%. 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.