Marshall Wace LLP Makes New $935,000 Investment in Amerant Bancorp Inc. (NASDAQ:AMTB)

Marshall Wace LLP purchased a new position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,744 shares of the company's stock, valued at approximately $935,000. Marshall Wace LLP owned approximately 0.10% of Amerant Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the stock. Kennedy Capital Management LLC raised its stake in Amerant Bancorp by 40.2% in the 4th quarter. Kennedy Capital Management LLC now owns 936,963 shares of the company's stock valued at $20,997,000 after purchasing an additional 268,486 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of Amerant Bancorp during the fourth quarter worth about $5,327,000. Allspring Global Investments Holdings LLC raised its position in shares of Amerant Bancorp by 47.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock valued at $10,745,000 after buying an additional 154,466 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Amerant Bancorp by 588.2% during the fourth quarter. JPMorgan Chase & Co. now owns 160,088 shares of the company's stock valued at $3,588,000 after buying an additional 136,827 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Amerant Bancorp by 749.1% during the fourth quarter. Sei Investments Co. now owns 130,453 shares of the company's stock valued at $2,923,000 after buying an additional 115,090 shares during the period. 42.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMTB shares. Keefe, Bruyette & Woods reduced their price target on 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. Raymond James downgraded Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 24th. Finally, Stephens restated an "overweight" rating and issued a $24.00 price target on shares of Amerant Bancorp in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $24.60.

Amerant Bancorp Trading Up 0.5 %

Shares of NASDAQ:AMTB traded up $0.10 during trading on Monday, reaching $17.65. 91,674 shares of the stock were exchanged, compared to its average volume of 193,168. Amerant Bancorp Inc. has a 12-month low of $16.21 and a 12-month high of $27.00. The firm's 50-day moving average price is $19.71 and its 200 day moving average price is $21.89. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market cap of $739.68 million, a price-to-earnings ratio of -30.96 and a beta of 1.31.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.36 annualized dividend and a dividend yield of 2.04%. Amerant Bancorp's payout ratio is -60.00%.

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.