Amerant Bancorp Inc. $AMTB Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has reduced its holdings in Amerant Bancorp by 18.4%, selling 14,322 shares in the first quarter, while its total ownership now stands at 63,661 shares worth approximately $1.31 million.
• Amerant Bancorp recently declared a quarterly dividend of $0.09, resulting in an annualized yield of 1.7%, but the company's dividend payout ratio is currently at -180.00%.
• Analysts have recently raised price targets for Amerant Bancorp, with Piper Sandler setting a new target of $26.00, reflecting a positive outlook with a consensus rating of "Moderate Buy."

Trexquant Investment LP decreased its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 18.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,661 shares of the company's stock after selling 14,322 shares during the period. Trexquant Investment LP owned about 0.15% of Amerant Bancorp worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Penn Capital Management Company LLC bought a new position in Amerant Bancorp in the first quarter worth approximately $249,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Amerant Bancorp in the first quarter worth $8,806,000. AlphaQuest LLC purchased a new position in Amerant Bancorp in the first quarter worth $59,000. Rhino Investment Partners Inc purchased a new position in Amerant Bancorp in the first quarter worth $2,763,000. Finally, Wellington Management Group LLP grew its holdings in Amerant Bancorp by 1.3% in the first quarter. Wellington Management Group LLP now owns 5,590,839 shares of the company's stock worth $115,395,000 after purchasing an additional 70,455 shares during the last quarter. Institutional investors own 42.11% of the company's stock.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock traded up $0.18 during trading hours on Thursday, reaching $21.27. The stock had a trading volume of 95,816 shares, compared to its average volume of 193,680. The stock's 50 day moving average is $20.18 and its 200 day moving average is $19.26. The firm has a market capitalization of $888.00 million, a PE ratio of -37.32 and a beta of 1.43. Amerant Bancorp Inc. has a twelve month low of $16.21 and a twelve month high of $26.24. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Amerant Bancorp Announces Dividend

The business also recently declared 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. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Amerant Bancorp's dividend payout ratio is -180.00%.

Wall Street Analyst Weigh In

AMTB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $20.00 to $22.00 and gave the company a "market perform" rating in a report on Monday, July 28th. Piper Sandler upped their price target on shares of Amerant Bancorp from $25.00 to $26.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amerant Bancorp presently has an average rating of "Moderate Buy" and an average 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.