Mendon Capital Advisors Corp Has $8.23 Million Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Mendon Capital Advisors Corp trimmed its position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,329 shares of the company's stock after selling 50,951 shares during the period. Amerant Bancorp makes up about 4.1% of Mendon Capital Advisors Corp's portfolio, making the stock its 7th largest holding. Mendon Capital Advisors Corp owned 0.87% of Amerant Bancorp worth $8,232,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMTB. Kennedy Capital Management LLC raised its stake in Amerant Bancorp by 40.2% during 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 period. Peregrine Capital Management LLC purchased a new stake in Amerant Bancorp in the 4th quarter worth about $5,327,000. Allspring Global Investments Holdings LLC boosted its position in Amerant Bancorp by 47.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock worth $10,745,000 after acquiring an additional 154,466 shares during the period. JPMorgan Chase & Co. grew its stake in Amerant Bancorp by 588.2% during the 4th quarter. JPMorgan Chase & Co. now owns 160,088 shares of the company's stock valued at $3,588,000 after acquiring an additional 136,827 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Amerant Bancorp by 749.1% in the 4th quarter. Sei Investments Co. now owns 130,453 shares of the company's stock valued at $2,923,000 after purchasing an additional 115,090 shares during the period. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMTB has been the topic of several research analyst reports. Stephens restated an "overweight" rating and set a $29.00 price target on shares of Amerant Bancorp in a report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their target price on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday. Finally, Raymond James cut Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Amerant Bancorp currently has an average rating of "Hold" and a consensus price target of $25.60.

Amerant Bancorp Price Performance

Shares of AMTB traded down $0.20 during mid-day trading on Friday, reaching $16.74. The company had a trading volume of 341,163 shares, compared to its average volume of 185,021. The company's 50-day moving average is $20.31 and its 200-day moving average is $22.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The company has a market capitalization of $701.53 million, a P/E ratio of -29.36 and a beta of 1.05. Amerant Bancorp Inc. has a twelve month low of $16.21 and a twelve month high of $27.00.

Amerant Bancorp Dividend Announcement

The firm also recently declared 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 of this dividend is Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.15%. Amerant Bancorp's dividend 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.