Azora Capital LP Reduces Holdings in Amerant Bancorp Inc. $AMTB

Key Points

• Azora Capital LP reduced its stake in Amerant Bancorp by 3.0% during the 1st quarter, selling 15,967 shares, and now holds approximately 520,996 shares valued at $10.75 million.
• Institutional investors collectively own 42.11% of Amerant Bancorp, with several like Wellington Management and Vanguard increasing their positions during the same period.
• Amerant Bancorp announced a quarterly dividend of $0.09, representing a 1.7% yield, with an upcoming ex-dividend date set for August 15th.

Azora Capital LP reduced its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520,996 shares of the company's stock after selling 15,967 shares during the period. Amerant Bancorp comprises approximately 0.7% of Azora Capital LP's portfolio, making the stock its 28th largest position. Azora Capital LP owned approximately 1.25% of Amerant Bancorp worth $10,753,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its position in shares of Amerant Bancorp by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 34,280 shares of the company's stock worth $708,000 after purchasing an additional 620 shares during the last quarter. GAMMA Investing LLC lifted its position in Amerant Bancorp by 160.4% in the first quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock valued at $25,000 after acquiring an additional 746 shares during the last quarter. Swiss National Bank lifted its position in Amerant Bancorp by 1.4% in the first quarter. Swiss National Bank now owns 66,837 shares of the company's stock valued at $1,380,000 after acquiring an additional 900 shares during the last quarter. CWM LLC lifted its position in Amerant Bancorp by 241.0% in the first quarter. CWM LLC now owns 1,579 shares of the company's stock valued at $33,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Amerant Bancorp by 7.4% in the fourth quarter. Two Sigma Advisers LP now owns 21,800 shares of the company's stock valued at $489,000 after acquiring an additional 1,500 shares during the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Performance

NASDAQ AMTB traded down $0.13 during trading hours on Wednesday, hitting $21.13. 30,892 shares of the stock were exchanged, compared to its average volume of 196,208. The company has a market cap of $881.95 million, a price-to-earnings ratio of -37.11 and a beta of 1.43. Amerant Bancorp Inc. has a 12-month low of $16.21 and a 12-month high of $26.24. The stock has a 50-day moving average of $19.79 and a 200 day moving average of $19.33. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

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