Maltese Capital Management LLC Decreases Stock Position in Amerant Bancorp Inc. $AMTB

Maltese Capital Management LLC lessened its stake in shares of Amerant Bancorp Inc. (NYSE:AMTB) by 38.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 592,500 shares of the company’s stock after selling 374,818 shares during the period. Amerant Bancorp makes up approximately 2.1% of Maltese Capital Management LLC’s holdings, making the stock its 11th largest holding. Maltese Capital Management LLC owned approximately 1.44% of Amerant Bancorp worth $11,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Wyoming purchased a new stake in Amerant Bancorp during the 4th quarter valued at $78,000. Tower Research Capital LLC TRC raised its holdings in Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after buying an additional 526 shares during the period. Raymond James Financial Inc. purchased a new stake in Amerant Bancorp during the 2nd quarter valued at $129,000. Aquatic Capital Management LLC purchased a new stake in Amerant Bancorp during the 3rd quarter valued at $143,000. Finally, BNP Paribas Financial Markets raised its holdings in Amerant Bancorp by 60.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,476 shares of the company’s stock valued at $144,000 after buying an additional 2,819 shares during the period. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Wall Street Analyst Weigh In

AMTB has been the topic of several recent research reports. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Finally, Zacks Research lowered Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.67.

Amerant Bancorp Stock Performance

AMTB stock opened at $23.28 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is $23.06 and its two-hundred day simple moving average is $21.74. Amerant Bancorp Inc. has a twelve month low of $15.62 and a twelve month high of $24.38. The firm has a market cap of $916.03 million, a price-to-earnings ratio of 16.51 and a beta of 0.90.

Amerant Bancorp (NYSE:AMTB) last released its earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%.The business had revenue of $177.94 million for the quarter, compared to analyst estimates of $102.56 million. Analysts predict that Amerant Bancorp Inc. will post 1.79 earnings per share for the current year.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.09 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.5%. Amerant Bancorp’s dividend payout ratio (DPR) is presently 25.53%.

Amerant Bancorp Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.