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

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

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Amerant Bancorp by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock valued at $10,745,000 after acquiring an additional 154,466 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Amerant Bancorp during the 4th quarter valued at about $269,000. Angel Oak Capital Advisors LLC bought a new stake in shares of Amerant Bancorp during the fourth quarter valued at approximately $336,000. Vanguard Group Inc. raised its stake in shares of Amerant Bancorp by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 2,096,580 shares of the company's stock worth $46,984,000 after purchasing an additional 87,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Amerant Bancorp by 11.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 301,142 shares of the company's stock valued at $6,749,000 after acquiring an additional 30,219 shares during the period. Hedge funds and other institutional investors own 42.11% of the company's stock.

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB traded up $0.31 during trading on Friday, reaching $17.31. 415,520 shares of the company traded hands, compared to its average volume of 199,745. The firm's fifty day simple moving average is $17.79 and its 200 day simple moving average is $21.06. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The stock has a market cap of $724.10 million, a P/E ratio of -30.37 and a beta of 1.32. Amerant Bancorp Inc. has a 12-month low of $16.21 and a 12-month high of $27.00.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.09 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.36 annualized dividend and a yield of 2.08%. Amerant Bancorp's dividend payout ratio (DPR) is presently -60.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMTB. Raymond James cut shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Finally, Stephens restated an "overweight" rating and issued a $24.00 price target on shares of Amerant Bancorp in a research report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $24.60.

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.