BNP Paribas Financial Markets Boosts Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

BNP Paribas Financial Markets grew its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 320.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,259 shares of the company's stock after acquiring an additional 42,127 shares during the period. BNP Paribas Financial Markets owned about 0.13% of Amerant Bancorp worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMTB. Kennedy Capital Management LLC boosted its holdings in Amerant Bancorp by 40.2% during the fourth quarter. Kennedy Capital Management LLC now owns 936,963 shares of the company's stock worth $20,997,000 after buying an additional 268,486 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Amerant Bancorp during the fourth quarter valued at $5,327,000. Allspring Global Investments Holdings LLC lifted its holdings in Amerant Bancorp by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock valued at $10,745,000 after purchasing an additional 154,466 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Amerant Bancorp by 588.2% during the fourth quarter. JPMorgan Chase & Co. now owns 160,088 shares of the company's stock valued at $3,588,000 after purchasing an additional 136,827 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Amerant Bancorp by 749.1% during the fourth quarter. Sei Investments Co. now owns 130,453 shares of the company's stock valued at $2,923,000 after purchasing an additional 115,090 shares in the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMTB has been the topic of several recent analyst reports. Raymond James downgraded shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price objective 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 reaffirmed an "overweight" rating and set a $24.00 price objective on shares of Amerant Bancorp in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Amerant Bancorp currently has a consensus rating of "Hold" and a consensus price target of $24.60.

Amerant Bancorp Price Performance

Shares of NASDAQ AMTB traded down $0.16 during mid-day trading on Friday, reaching $17.04. The company's stock had a trading volume of 229,622 shares, compared to its average volume of 195,241. The stock has a 50-day moving average of $18.54 and a two-hundred day moving average of $21.50. The stock has a market capitalization of $712.85 million, a P/E ratio of -29.90 and a beta of 1.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp Inc. has a 1-year low of $16.21 and a 1-year high of $27.00.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 15th. Amerant Bancorp's payout ratio is currently -60.00%.

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.