BNP Paribas Financial Markets grew its stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 320.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,259 shares of the company's stock after buying an additional 42,127 shares during the period. BNP Paribas Financial Markets owned approximately 0.13% of Amerant Bancorp worth $1,238,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its stake in shares of Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock worth $26,000 after purchasing an additional 1,061 shares during the period. Summit Investment Advisors Inc. grew its stake 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 purchasing an additional 1,286 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Amerant Bancorp in the 4th quarter valued at approximately $148,000. Arizona State Retirement System bought a new stake in shares of Amerant Bancorp in the 4th quarter valued at approximately $220,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Amerant Bancorp by 77.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,544 shares of the company's stock valued at $236,000 after purchasing an additional 4,589 shares during the period. 42.11% of the stock is currently owned by institutional investors.
Amerant Bancorp Price Performance
AMTB stock opened at $18.03 on Tuesday. The stock has a 50-day moving average price of $18.83 and a two-hundred day moving average price of $21.64. The stock has a market cap of $754.18 million, a PE ratio of -31.63 and a beta of 1.31. 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 1 year low of $16.21 and a 1 year high of $27.00.
Amerant Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.00%. Amerant Bancorp's dividend payout ratio is -60.00%.
Wall Street Analyst Weigh In
AMTB has been the topic of several recent analyst reports. Stephens reissued an "overweight" rating and issued a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Keefe, Bruyette & Woods dropped their target price on shares of 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 cut shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $24.60.
Check Out Our Latest Analysis on Amerant Bancorp
Amerant Bancorp Company Profile
(
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.
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