11,559 Shares in Amerant Bancorp Inc. (NASDAQ:AMTB) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) during the 3rd quarter, HoldingsChannel reports. The firm bought 11,559 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Amerant Bancorp during the third quarter valued at $65,000. US Bancorp DE lifted its stake in Amerant Bancorp by 655.8% during the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after acquiring an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Amerant Bancorp by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after acquiring an additional 1,197 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Amerant Bancorp in the second quarter worth approximately $199,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Amerant Bancorp during the second quarter valued at approximately $250,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

NASDAQ AMTB opened at $25.29 on Wednesday. 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 business’s fifty day moving average is $22.69 and its 200 day moving average is $22.15. The company has a market capitalization of $1.06 billion, a PE ratio of -17.09 and a beta of 1.01. Amerant Bancorp Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $27.00.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of ($999.00) million during the quarter, compared to the consensus estimate of $99.39 million. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. During the same period in the previous year, the company posted $0.64 EPS. Sell-side analysts predict that Amerant Bancorp Inc. will post 1.22 earnings per share for the current year.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a $0.09 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. Amerant Bancorp’s dividend payout ratio (DPR) is presently -24.32%.

Wall Street Analysts Forecast Growth

AMTB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James cut their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Piper Sandler raised their target price on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $24.00 to $25.00 in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average target price of $26.40.

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.