Amerant Bancorp Inc. $AMTB Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp boosted its stake in Amerant Bancorp by 411.8% in Q3 to 90,367 shares (about $1.74M), with institutional investors now owning 42.11% of the stock.
• Director Odilon Almeida bought 4,816 shares at an average price of $20.99 on Jan. 27, raising his holdings to 5,316 shares; corporate insiders own 5.37% of the company.
• Amerant topped quarterly EPS estimates at $0.53 versus $0.43 on $230.7M revenue, pays a quarterly dividend of $0.09 (annual yield ~1.5%), and has a consensus analyst target of $23.75 ("Moderate Buy").

Tudor Investment Corp ET AL boosted its stake in shares of Amerant Bancorp Inc. (NYSE:AMTB - Free Report) by 411.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,367 shares of the company's stock after buying an additional 72,709 shares during the quarter. Tudor Investment Corp ET AL owned 0.22% of Amerant Bancorp worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMTB. Guerra Advisors Inc purchased a new stake in shares of Amerant Bancorp in the third quarter valued at about $32,000. CWM LLC lifted its holdings in shares of Amerant Bancorp by 153.4% in the third quarter. CWM LLC now owns 4,748 shares of the company's stock valued at $91,000 after purchasing an additional 2,874 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Amerant Bancorp by 11.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company's stock valued at $91,000 after purchasing an additional 526 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amerant Bancorp in the second quarter valued at about $129,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Amerant Bancorp in the third quarter valued at about $143,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amerant Bancorp

In other Amerant Bancorp news, Director Odilon Almeida bought 4,816 shares of the business's stock in a transaction dated Tuesday, January 27th. The shares were acquired at an average price of $20.99 per share, with a total value of $101,087.84. Following the purchase, the director owned 5,316 shares in the company, valued at approximately $111,582.84. The trade was a 963.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.37% of the company's stock.

Amerant Bancorp Stock Up 0.1%

Shares of NYSE AMTB opened at $23.84 on Monday. Amerant Bancorp Inc. has a 1 year low of $15.62 and a 1 year high of $24.38. The firm's 50 day moving average price is $22.07 and its 200 day moving average price is $20.19. The firm has a market cap of $958.99 million, a P/E ratio of 19.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.91 and a current ratio of 0.92.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last announced its earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.10. The firm had revenue of $230.71 million for the quarter. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%.

Amerant Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.5%. Amerant Bancorp's dividend payout ratio (DPR) is currently 28.80%.

Analysts Set New Price Targets

Several analysts have issued reports on AMTB shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amerant Bancorp in a report on Friday, March 27th. Raymond James Financial upped their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, January 7th. Piper Sandler upped their price target on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 26th. Wall Street Zen downgraded shares of Amerant Bancorp from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Amerant Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.75.

Amerant Bancorp 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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