426,660 Shares in Amerant Bancorp Inc. $AMTB Acquired by Hotchkis & Wiley Capital Management LLC

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 purchased a new stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 426,660 shares of the company's stock, valued at approximately $8,806,000. Hotchkis & Wiley Capital Management LLC owned approximately 1.02% of Amerant Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Amerant Bancorp by 160.4% during 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 in the last quarter. CWM LLC increased its holdings in shares of Amerant Bancorp by 241.0% during 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 in the last quarter. AlphaQuest LLC purchased a new stake in shares of Amerant Bancorp during the first quarter valued at $59,000. Point72 Asset Management L.P. bought a new stake in Amerant Bancorp in the 4th quarter worth about $199,000. Finally, ProShare Advisors LLC bought a new stake in Amerant Bancorp in the 4th quarter worth about $234,000. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Stock Performance

Shares of AMTB stock traded up $0.10 during trading hours on Thursday, reaching $21.53. 169,255 shares of the company traded hands, compared to its average volume of 198,110. Amerant Bancorp Inc. has a 12-month low of $16.21 and a 12-month high of $26.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The company has a market cap of $898.69 million, a P/E ratio of -37.76 and a beta of 1.37. The firm has a 50-day moving average price of $19.43 and a 200 day moving average price of $19.42.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.7%. Amerant Bancorp's payout ratio is currently -180.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler lifted their price objective on Amerant Bancorp from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods lifted their price objective on Amerant Bancorp from $20.00 to $22.00 and gave the stock a "market perform" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Amerant Bancorp presently has an average rating of "Moderate Buy" and an average target price of $24.25.

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.