Amerant Bancorp (NASDAQ:AMTB) Price Target Raised to $27.00 at Keefe, Bruyette & Woods

Amerant Bancorp (NASDAQ:AMTB) had its price objective hoisted by Keefe, Bruyette & Woods from $25.00 to $27.00 in a research note released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other equities analysts have also recently issued reports on AMTB. Raymond James reduced their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Piper Sandler lifted their price objective on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Stephens reissued an “overweight” rating and issued a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Amerant Bancorp Stock Performance

Amerant Bancorp stock opened at $23.16 on Monday. The company has a market cap of $975.10 million, a PE ratio of -40.62 and a beta of 1.03. 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 has a 1 year low of $18.54 and a 1 year high of $27.00. The company’s 50-day moving average is $23.30 and its two-hundred day moving average is $22.29.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, February 14th. Amerant Bancorp’s dividend payout ratio (DPR) is presently -63.16%.

Institutional Trading of Amerant Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of AMTB. Allspring Global Investments Holdings LLC grew its stake in shares of 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 in the last quarter. SG Americas Securities LLC boosted its holdings in Amerant Bancorp by 50.5% during the fourth quarter. SG Americas Securities LLC now owns 23,467 shares of the company’s stock worth $526,000 after purchasing an additional 7,877 shares during the last quarter. JPMorgan Chase & Co. grew its position in Amerant Bancorp by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock valued at $497,000 after purchasing an additional 1,705 shares in the last quarter. Barclays PLC increased its stake 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 buying an additional 37,208 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Amerant Bancorp during the 3rd quarter worth about $2,658,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

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.