Peregrine Capital Management LLC Invests $5.33 Million in Amerant Bancorp Inc. (NASDAQ:AMTB)

Peregrine Capital Management LLC bought a new position in Amerant Bancorp Inc. (NASDAQ:AMTB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 237,705 shares of the company’s stock, valued at approximately $5,327,000. Peregrine Capital Management LLC owned about 0.56% of Amerant Bancorp at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMTB. Wellington Management Group LLP lifted its holdings in shares of Amerant Bancorp by 74.1% in the 3rd quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock worth $120,585,000 after acquiring an additional 2,401,027 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Amerant Bancorp in the 3rd quarter worth about $13,613,000. Azora Capital LP bought a new stake in shares of Amerant Bancorp in the 3rd quarter worth about $11,495,000. Verition Fund Management LLC bought a new stake in shares of Amerant Bancorp in the 3rd quarter worth about $7,392,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Amerant Bancorp during the 3rd quarter valued at about $6,945,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Trading Down 0.3 %

NASDAQ:AMTB opened at $23.77 on Thursday. Amerant Bancorp Inc. has a one year low of $18.54 and a one year high of $27.00. 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 $1.00 billion, a P/E ratio of -41.69 and a beta of 1.02. The firm has a 50-day simple moving average of $22.74 and a 200-day simple moving average of $22.20.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. Amerant Bancorp’s dividend payout ratio is currently -63.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Finally, Stephens reiterated an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.