Rhino Investment Partners Inc Invests $2.76 Million in Amerant Bancorp Inc. $AMTB

Key Points

• Rhino Investment Partners Inc acquired 133,869 shares of Amerant Bancorp Inc, worth approximately $2.76 million, making up about 0.32% of the company's holdings as per the latest SEC filing.
• Amerant Bancorp has announced a quarterly dividend of $0.09 per share to be paid on August 29th, reflecting an annualized dividend yield of 1.8%.
• Analysts have varying recommendations for Amerant Bancorp, with a consensus rating of "Moderate Buy" and a price target averaging $24.25.

Rhino Investment Partners Inc acquired a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 133,869 shares of the company's stock, valued at approximately $2,763,000. Rhino Investment Partners Inc owned 0.32% of Amerant Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Amerant Bancorp by 11.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 533,740 shares of the company's stock worth $11,016,000 after buying an additional 54,274 shares during the period. GAMMA Investing LLC increased its holdings in Amerant Bancorp by 5,275.3% in the 1st quarter. GAMMA Investing LLC now owns 24,995 shares of the company's stock worth $516,000 after buying an additional 24,530 shares during the period. Millennium Management LLC raised its holdings in shares of Amerant Bancorp by 941.4% during the fourth quarter. Millennium Management LLC now owns 117,958 shares of the company's stock worth $2,643,000 after purchasing an additional 106,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Amerant Bancorp by 41.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,531 shares of the company's stock worth $1,939,000 after purchasing an additional 25,359 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Amerant Bancorp during the fourth quarter worth $234,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Amerant Bancorp Price Performance

AMTB traded down $0.08 during midday trading on Monday, hitting $21.20. 167,274 shares of the company traded hands, compared to its average volume of 198,856. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $885.08 million, a price-to-earnings ratio of -37.19 and a beta of 1.37. Amerant Bancorp Inc. has a 52-week low of $16.21 and a 52-week high of $26.24. The business has a 50 day simple moving average of $19.15 and a two-hundred day simple moving average of $19.41.

Amerant Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AMTB shares. Keefe, Bruyette & Woods raised their target price on shares of Amerant Bancorp from $20.00 to $22.00 and gave the stock a "market perform" rating in a report on Monday, July 28th. Stephens reissued an "overweight" rating and set a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Finally, Piper Sandler raised their price target on shares of Amerant Bancorp from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.25.

Amerant Bancorp Company 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.