Jacobs Levy Equity Management Inc. Sells 71,479 Shares of Amerant Bancorp Inc. $AMTB

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Amerant Bancorp Inc. by 43.7%, owning approximately 91,956 shares valued at about $1.90 million after offloading 71,479 shares in the first quarter.
• A number of institutional investors, including EJF Capital LLC and AQR Capital Management LLC, increased their stakes in Amerant Bancorp during the same period, reflecting growing interest in the stock.
• Amerant Bancorp recently declared a quarterly dividend of $0.09, with a yield of 1.7%, although its payout ratio is currently at a negative 180.00%.

Jacobs Levy Equity Management Inc. lessened its stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 43.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,956 shares of the company's stock after selling 71,479 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.22% of Amerant Bancorp worth $1,898,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 746 shares during the period. CWM LLC lifted its stake in shares of 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 buying an additional 1,116 shares during the period. AlphaQuest LLC bought a new stake in shares of Amerant Bancorp in the first quarter valued at about $59,000. Point72 Asset Management L.P. bought a new stake in shares of Amerant Bancorp in the fourth quarter valued at about $199,000. Finally, ProShare Advisors LLC bought a new stake in shares of Amerant Bancorp in the fourth quarter valued at about $234,000. Institutional investors own 42.11% of the company's stock.

Amerant Bancorp Price Performance

Shares of NASDAQ:AMTB traded down $0.23 during trading on Friday, reaching $21.07. The stock had a trading volume of 79,548 shares, compared to its average volume of 193,024. Amerant Bancorp Inc. has a 52 week low of $16.21 and a 52 week high of $26.24. The business's 50-day moving average price is $20.20 and its 200 day moving average price is $19.22. 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 stock has a market capitalization of $879.44 million, a PE ratio of -36.96 and a beta of 1.43.

Amerant Bancorp Announces Dividend

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

Analyst Ratings Changes

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