Quantbot Technologies LP Trims Stock Position in Amerant Bancorp Inc. $AMTB

Key Points

• Quantbot Technologies LP sold 27,552 shares of Amerant Bancorp, reducing its stake by 82.1% to just 6,004 shares during the first quarter.
• Several large investors increased their holdings in Amerant Bancorp, with Wells Fargo boosting its stake by 59.7% and Barclays PLC increasing its stake by 26.4% in the fourth quarter.
• Amerant Bancorp announced a quarterly dividend of $0.09 per share, with a payout ratio currently at -180.00%, reflecting financial challenges.

Quantbot Technologies LP cut its stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 82.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,004 shares of the company's stock after selling 27,552 shares during the quarter. Quantbot Technologies LP's holdings in Amerant Bancorp were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMTB. Wells Fargo & Company MN increased its holdings in shares of Amerant Bancorp by 59.7% in the 4th quarter. Wells Fargo & Company MN now owns 21,735 shares of the company's stock valued at $487,000 after acquiring an additional 8,125 shares during the period. Barclays PLC increased its holdings in shares of Amerant Bancorp by 26.4% in the 4th quarter. Barclays PLC now owns 85,830 shares of the company's stock valued at $1,923,000 after acquiring an additional 17,914 shares during the period. Marshall Wace LLP purchased a new stake in shares of Amerant Bancorp during the 4th quarter valued at $935,000. Dimensional Fund Advisors LP lifted its holdings in shares of Amerant Bancorp by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,052,955 shares of the company's stock valued at $23,597,000 after purchasing an additional 66,816 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Amerant Bancorp by 35.8% during the 4th quarter. MetLife Investment Management LLC now owns 22,280 shares of the company's stock valued at $499,000 after purchasing an additional 5,879 shares during the last quarter. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Performance

Shares of AMTB traded down $0.04 during trading hours on Wednesday, reaching $21.22. 113,907 shares of the company traded hands, compared to its average volume of 196,710. The stock has a market capitalization of $885.71 million, a P/E ratio of -37.22 and a beta of 1.43. 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 Inc. has a 12-month low of $16.21 and a 12-month high of $26.24. The business has a fifty day moving average price of $19.86 and a 200-day moving average price of $19.34.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. Amerant Bancorp's payout ratio is -180.00%.

Analysts Set New Price Targets

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

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.