Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 166.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 49,721 shares of the company's stock after purchasing an additional 31,049 shares during the period. Squarepoint Ops LLC owned 0.12% of Amerant Bancorp worth $1,114,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC increased its holdings in Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock valued at $26,000 after buying an additional 1,061 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings 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 acquiring an additional 1,286 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Amerant Bancorp during the 4th quarter valued at approximately $148,000. Point72 Asset Management L.P. bought a new position in Amerant Bancorp during the fourth quarter worth $199,000. Finally, Arizona State Retirement System acquired a new position in Amerant Bancorp in the fourth quarter worth $220,000. Institutional investors and hedge funds own 42.11% of the company's stock.

Amerant Bancorp Stock Performance

Shares of AMTB traded down $0.18 during midday trading on Wednesday, hitting $17.16. 167,848 shares of the stock traded hands, compared to its average volume of 197,515. The business's 50 day moving average price is $17.93 and its two-hundred day moving average price is $21.16. The firm has a market capitalization of $717.79 million, a PE ratio of -30.11 and a beta of 1.32. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp Inc. has a 1-year low of $16.21 and a 1-year high of $27.00.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, May 15th. Amerant Bancorp's payout ratio is -60.00%.

Wall Street Analyst Weigh In

AMTB has been the topic of a number of research reports. Raymond James cut shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Finally, Stephens reissued an "overweight" rating and issued a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $24.60.

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.