Public Employees Retirement System of Ohio Takes $798,000 Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Public Employees Retirement System of Ohio bought a new stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,587 shares of the company's stock, valued at approximately $798,000. Public Employees Retirement System of Ohio owned about 0.08% of Amerant Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in Amerant Bancorp by 1,000.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock worth $26,000 after buying an additional 1,061 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Amerant Bancorp by 49.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock worth $87,000 after purchasing an additional 1,286 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Amerant Bancorp during the 4th quarter worth about $148,000. Point72 Asset Management L.P. acquired a new stake in Amerant Bancorp during the 4th quarter worth about $199,000. Finally, Arizona State Retirement System acquired a new stake in Amerant Bancorp during the 4th quarter worth about $220,000. Institutional investors and hedge funds own 42.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMTB shares. Raymond James downgraded Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reduced their target price on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Finally, Stephens restated an "overweight" rating and issued a $24.00 target price on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Amerant Bancorp currently has an average rating of "Hold" and a consensus target price of $24.60.

Amerant Bancorp Stock Down 0.8%

Shares of AMTB traded down $0.13 during trading hours on Thursday, hitting $17.01. The stock had a trading volume of 108,753 shares, compared to its average volume of 197,161. 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 has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $21.16. The firm has a market capitalization of $711.39 million, a P/E ratio of -29.84 and a beta of 1.32. Amerant Bancorp Inc. has a 1-year low of $16.21 and a 1-year high of $27.00.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.12%. Amerant Bancorp's dividend payout ratio (DPR) is currently -60.00%.

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.