Amerant Bancorp Inc. (NASDAQ:AMTB) Director A. Gustavo J. Vollmer sold 704 shares of the company in a trade on Wednesday, February 16. The shares were sold at an average price of $33.98, for a total transaction of $23,921.92. The sale was disclosed in a legal filing with the SEC, which is available via this link.
Stock AMTB $0.03 traded at midday Friday, reaching $33.05. The stock recorded trading volume of 170,388 shares, compared to an average trading volume of 139,776 shares. The company’s fifty-day simple moving average is $34.11 and its 200-day simple moving average is $29.05. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt ratio of 1.15. The company has a market capitalization of $1.24 billion, a price-earnings ratio of 10.94 and a beta of 1.08. Amerant Bancorp Inc. has a 52-week low of $16.14 and a 52-week high of $36.72.
Amerant Bancorp Inc (NASDAQ:AMTB) last reported quarterly earnings data on Wednesday, January 19. The company reported earnings per share of $0.52 for the quarter, beating consensus analyst estimates of $0.40 by $0.12. Amerant Bancorp had a return on equity of 8.87% and a net margin of 18.58%. During the same period last year, the company posted EPS of $0.27. Sell-side analysts expect Amerant Bancorp Inc. to post EPS of 2.08 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 28. Shareholders of record on Friday, February 11 will receive a dividend of $0.09. This represents a dividend of $0.36 on an annualized basis and a dividend yield of 1.09%. The ex-date of this dividend is Thursday, February 10. Amerant Bancorp’s dividend payout ratio (DPR) is currently 1.99%.
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A number of analysts have weighed in on the stock recently. Zacks Investment Research downgraded shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a Wednesday, Jan. 26 research note. Stephens upgraded Amerant Bancorp shares from an “equal weight” rating to an “overweight” rating in a Monday, Nov. 8 research report. Truist Financial raised its price target on Amerant Bancorp shares from $30.00 to $35.00 in a Monday, January 24 research report. Finally, Raymond James raised his price target on Amerant Bancorp shares from $34.00 to $38.00 and gave the company an “outperform” rating in a Friday, January 21 report. Two analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, Amerant Bancorp has an average rating of “Buy” and an average target price of $30.86.
Several institutional investors and hedge funds have recently changed their AMTB holdings. Addison Advisors LLC acquired a new equity stake in Amerant Bancorp in Q4 worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new equity stake in Amerant Bancorp in Q4 worth $49,000. Citigroup Inc. increased its stake in Amerant Bancorp shares to 93.1% in the third quarter. Citigroup Inc. now owns 2,699 shares of the company worth $67,000 after acquiring 1,301 additional shares in the last quarter. Denali Advisors LLC acquired a new equity stake in Amerant Bancorp in Q4 valued at $86,000. Finally, Marshall Wace LLP acquired a new equity stake in Amerant Bancorp in Q1 worth $87,000. 31.40% of the shares are held by institutional investors and hedge funds.
Amerant Bancorp Company Profile
Amerant Bancorp, Inc. operates as a bank holding company, which provides personal and corporate banking products and services in the United States and abroad. The company offers a range of checking and savings accounts, certificates of deposit and money market accounts. It also offers variable and fixed rate commercial real estate loans, loans secured by owner-occupied properties, loans to domestic and foreign individuals primarily secured by personal residence, working capital loans, loan backed by assets, interests in national credit shares, purchased receivables, and small business administration loans, financial institution loans and acceptances, and consumer loans and overdrafts, such as automobile loans, personal loans or loans secured by cash or securities and revolving credit card agreements.
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