Amerant Bancorp Inc. $AMTB Shares Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in Amerant Bancorp by 145.8%, owning 28,856 shares valued at $596,000 after purchasing an additional 17,117 shares.
• A number of hedge funds have modified their positions in Amerant Bancorp, with a total of 42.11% of the stock owned by institutional investors.
• Amerant Bancorp recently declared a quarterly dividend of $0.09, resulting in a 1.7% dividend yield, but has a negative dividend payout ratio of -180.00%.

Dynamic Technology Lab Private Ltd grew its position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 145.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,856 shares of the company's stock after acquiring an additional 17,117 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.07% of Amerant Bancorp worth $596,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Amerant Bancorp by 1.3% in the 1st quarter. Wellington Management Group LLP now owns 5,590,839 shares of the company's stock worth $115,395,000 after buying an additional 70,455 shares during the period. Vanguard Group Inc. boosted its stake in Amerant Bancorp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 2,124,902 shares of the company's stock worth $43,858,000 after purchasing an additional 28,322 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC boosted its stake in Amerant Bancorp by 0.5% in the 1st quarter. Philadelphia Financial Management of San Francisco LLC now owns 563,973 shares of the company's stock worth $11,640,000 after purchasing an additional 2,809 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Amerant Bancorp by 11.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 533,740 shares of the company's stock worth $11,016,000 after purchasing an additional 54,274 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Amerant Bancorp in the 1st quarter worth approximately $8,806,000. Hedge funds and other institutional investors own 42.11% of the company's stock.

Amerant Bancorp Stock Performance

Shares of AMTB traded down $0.05 during trading hours on Monday, hitting $21.03. The stock had a trading volume of 16,094 shares, compared to its average volume of 191,988. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a 50-day moving average price of $20.20 and a 200 day moving average price of $19.20. Amerant Bancorp Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $26.24. The firm has a market capitalization of $877.77 million, a price-to-earnings ratio of -36.89 and a beta of 1.43.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Amerant Bancorp's payout ratio is currently -180.00%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $20.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday, July 28th. Piper Sandler lifted their price objective on shares of Amerant Bancorp from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amerant Bancorp has an average rating of "Moderate Buy" and an average price target of $24.25.

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.