GAMMA Investing LLC grew its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 5,275.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,995 shares of the company's stock after purchasing an additional 24,530 shares during the period. GAMMA Investing LLC owned approximately 0.06% of Amerant Bancorp worth $516,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of Amerant Bancorp by 1,000.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock valued at $26,000 after buying an additional 1,061 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Amerant Bancorp by 49.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock valued at $87,000 after buying an additional 1,286 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Amerant Bancorp in the 4th quarter valued at $148,000. Point72 Asset Management L.P. purchased a new stake in shares of Amerant Bancorp in the 4th quarter valued at $199,000. Finally, Arizona State Retirement System purchased a new stake in shares of Amerant Bancorp in the 4th quarter valued at $220,000. Institutional investors and hedge funds own 42.11% of the company's stock.
Analysts Set New Price Targets
AMTB has been the topic of several research analyst reports. Stephens reiterated an "overweight" rating and issued a $24.00 price objective on shares of Amerant Bancorp in a report on Tuesday, April 29th. Keefe, Bruyette & Woods lowered their price objective on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Finally, Raymond James Financial cut shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $24.60.
Read Our Latest Stock Analysis on Amerant Bancorp
Amerant Bancorp Stock Down 0.3%
Shares of NASDAQ:AMTB opened at $16.54 on Friday. The firm's 50 day moving average price is $17.64 and its 200 day moving average price is $20.65. The stock has a market cap of $692.02 million, a price-to-earnings ratio of -29.02 and a beta of 1.32. Amerant Bancorp Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $27.00. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.18%. Amerant Bancorp's payout ratio is currently -60.00%.
Amerant Bancorp Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding AMTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report).
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