Jump Financial LLC Purchases Shares of 25,221 Amerant Bancorp Inc. (NASDAQ:AMTB)

Jump Financial LLC purchased a new stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,221 shares of the company's stock, valued at approximately $565,000. Jump Financial LLC owned about 0.06% of Amerant Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Amerant Bancorp by 121.2% in the 3rd quarter. Barclays PLC now owns 67,916 shares of the company's stock valued at $1,452,000 after purchasing an additional 37,208 shares during the period. Geode Capital Management LLC boosted its stake in shares of Amerant Bancorp by 13.6% in the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock valued at $15,697,000 after buying an additional 87,696 shares during the period. Allspring Global Investments Holdings LLC grew its position in Amerant Bancorp by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock worth $10,745,000 after buying an additional 154,466 shares in the last quarter. Intech Investment Management LLC bought a new position in Amerant Bancorp during the 4th quarter worth $269,000. Finally, JPMorgan Chase & Co. raised its holdings in Amerant Bancorp by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company's stock valued at $497,000 after acquiring an additional 1,705 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock traded down $0.01 during midday trading on Tuesday, hitting $16.93. 19,930 shares of the company traded hands, compared to its average volume of 184,543. The firm's fifty day moving average price is $20.17 and its 200-day moving average price is $21.99. The stock has a market cap of $709.75 million, a price-to-earnings ratio of -29.68 and a beta of 1.05. Amerant Bancorp Inc. has a 12 month low of $16.21 and a 12 month high of $27.00. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.13%. Amerant Bancorp's payout ratio is presently -60.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stephens reaffirmed an "overweight" rating and issued a $24.00 price target on shares of Amerant Bancorp in a research note on Tuesday. Keefe, Bruyette & Woods cut their price target on shares of Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a report on Friday. Finally, Raymond James downgraded shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently 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.