Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Sold by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. reduced its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 19.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 241,353 shares of the company’s stock after selling 58,647 shares during the quarter. Amerant Bancorp accounts for 1.7% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 18th largest holding. Endeavour Capital Advisors Inc.’s holdings in Amerant Bancorp were worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of AMTB. Charles Schwab Investment Management Inc. grew its stake in Amerant Bancorp by 21.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company’s stock worth $5,790,000 after acquiring an additional 47,882 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Amerant Bancorp in the third quarter valued at $65,000. BNP Paribas Financial Markets increased its stake in Amerant Bancorp by 47.8% in the third quarter. BNP Paribas Financial Markets now owns 13,132 shares of the company’s stock valued at $281,000 after purchasing an additional 4,246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Amerant Bancorp by 74.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after purchasing an additional 3,845 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Amerant Bancorp by 35.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 51,598 shares of the company’s stock worth $1,103,000 after buying an additional 13,403 shares during the period. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMTB shares. Stephens reissued an “overweight” rating and issued a $29.00 target price on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Amerant Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Amerant Bancorp Stock Performance

Shares of AMTB stock opened at $20.68 on Wednesday. The company’s fifty day simple moving average is $22.33 and its 200-day simple moving average is $22.39. 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 Inc. has a 52 week low of $18.54 and a 52 week high of $27.00. The company has a market cap of $866.91 million, a PE ratio of -36.28 and a beta of 1.06.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.74%. Amerant Bancorp’s dividend payout ratio (DPR) is currently -63.16%.

Amerant Bancorp Company Profile

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.