GAMMA Investing LLC Increases Stock Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

GAMMA Investing LLC increased its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 5,275.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,995 shares of the company's stock after acquiring an additional 24,530 shares during the quarter. GAMMA Investing LLC owned approximately 0.06% of Amerant Bancorp worth $516,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMTB. Sterling Capital Management LLC increased its holdings in shares of Amerant Bancorp by 1,000.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock valued at $26,000 after acquiring an additional 1,061 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Amerant Bancorp by 49.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock valued at $87,000 after acquiring an additional 1,286 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Amerant Bancorp during the fourth quarter valued at about $148,000. Point72 Asset Management L.P. acquired a new position in shares of Amerant Bancorp during the fourth quarter valued at about $199,000. Finally, Arizona State Retirement System acquired a new position in shares of Amerant Bancorp during the fourth quarter valued at about $220,000. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Performance

Amerant Bancorp stock traded up $0.58 during mid-day trading on Monday, hitting $17.27. The company had a trading volume of 155,403 shares, compared to its average volume of 201,946. The company has a current ratio of 1.01, a quick ratio of 0.94 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 $27.00. The company's fifty day moving average is $17.57 and its 200-day moving average is $20.40. The company has a market capitalization of $722.55 million, a price-to-earnings ratio of -30.31 and a beta of 1.32.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given 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 is presently -60.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Raymond James Financial downgraded shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price target on shares of Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Finally, Stephens reiterated an "overweight" rating and issued a $24.00 price target on shares of Amerant Bancorp in a report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Amerant Bancorp currently has a consensus rating of "Hold" and an average price target of $24.60.

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.