Insider Selling: Amerant Bancorp Inc. (NASDAQ:AMTB) CAO Sells 6,240 Shares of Stock

Amerant Bancorp Inc. (NASDAQ:AMTBGet Free Report) CAO Armando Fleitas sold 6,240 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $22.59, for a total value of $140,961.60. Following the sale, the chief accounting officer now owns 5,594 shares in the company, valued at approximately $126,368.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB traded up $0.11 during midday trading on Friday, reaching $22.24. 23,985 shares of the company were exchanged, compared to its average volume of 82,989. The stock has a fifty day simple moving average of $22.35 and a 200 day simple moving average of $22.46. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.18. The stock has a market cap of $749.93 million, a P/E ratio of 32.63 and a beta of 0.96. Amerant Bancorp Inc. has a 1 year low of $16.63 and a 1 year high of $26.13.

Amerant Bancorp (NASDAQ:AMTBGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $92.46 million for the quarter, compared to analysts’ expectations of $91.76 million. Amerant Bancorp had a return on equity of 7.65% and a net margin of 3.51%. During the same period last year, the firm earned $0.59 EPS. On average, research analysts forecast that Amerant Bancorp Inc. will post 1.72 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, May 14th. Amerant Bancorp’s dividend payout ratio is presently 52.94%.

Hedge Funds Weigh In On Amerant Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in Amerant Bancorp by 430.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,212 shares of the company’s stock worth $153,000 after purchasing an additional 5,042 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Amerant Bancorp by 10.3% in the 4th quarter. New York State Common Retirement Fund now owns 9,825 shares of the company’s stock valued at $241,000 after purchasing an additional 914 shares during the last quarter. Salzhauer Michael acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth $261,000. BNP Paribas Financial Markets raised its position in shares of Amerant Bancorp by 89.8% in the 1st quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company’s stock worth $308,000 after buying an additional 6,261 shares during the period. Finally, Swiss National Bank boosted its holdings in Amerant Bancorp by 15.3% in the third quarter. Swiss National Bank now owns 59,500 shares of the company’s stock valued at $1,038,000 after acquiring an additional 7,900 shares during the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Raymond James boosted their price objective on Amerant Bancorp from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Piper Sandler reissued a “neutral” rating and issued a $25.00 target price on shares of Amerant Bancorp in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods decreased their price target on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating for the company in a report on Friday, May 3rd.

Check Out Our Latest Research Report on AMTB

About Amerant Bancorp

(Get Free Report)

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.

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