Hotchkis & Wiley Capital Management LLC Purchases Shares of 426,660 Amerant Bancorp Inc. $AMTB

Key Points

• Hotchkis & Wiley Capital Management LLC acquired 426,660 shares of Amerant Bancorp Inc., valued at approximately $8,806,000, representing about 1.02% of the company by the end of the most recent quarter.
• Amerant Bancorp's stock recently experienced a price increase of 6.6% and has a current market capitalization of $888.67 million, with a price-to-earnings ratio of -37.34.
• Amerant Bancorp declared a quarterly dividend of $0.09 per share, with an ex-dividend date set for August 15th, resulting in an annualized dividend yield of 1.7%.

Hotchkis & Wiley Capital Management LLC acquired a new position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 426,660 shares of the company's stock, valued at approximately $8,806,000. Hotchkis & Wiley Capital Management LLC owned 1.02% of Amerant Bancorp at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Amerant Bancorp by 160.4% in the 1st quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock valued at $25,000 after purchasing an additional 746 shares in the last quarter. CWM LLC raised its stake in Amerant Bancorp by 241.0% in the first quarter. CWM LLC now owns 1,579 shares of the company's stock worth $33,000 after buying an additional 1,116 shares in the last quarter. AlphaQuest LLC purchased a new stake in Amerant Bancorp during the first quarter worth $59,000. Point72 Asset Management L.P. purchased a new stake in Amerant Bancorp during the fourth quarter worth $199,000. Finally, ProShare Advisors LLC bought a new stake in Amerant Bancorp during the 4th quarter valued at $234,000. Hedge funds and other institutional investors own 42.11% of the company's stock.

Amerant Bancorp Stock Up 0.2%

NASDAQ:AMTB traded up $0.04 during midday trading on Friday, reaching $21.54. 125,321 shares of the stock traded hands, compared to its average volume of 197,669. Amerant Bancorp Inc. has a 12-month low of $16.21 and a 12-month high of $26.24. The business has a 50-day moving average of $19.63 and a two-hundred day moving average of $19.36. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The stock has a market capitalization of $899.32 million, a PE ratio of -37.79 and a beta of 1.37.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.09 per share. 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 is presently -180.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AMTB shares. Keefe, Bruyette & Woods boosted their price target on Amerant Bancorp from $20.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Piper Sandler lifted their target price on Amerant Bancorp from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company 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.