Y Intercept Hong Kong Ltd Sells 73,249 Shares of Amerant Bancorp Inc. $AMTB

Y Intercept Hong Kong Ltd decreased its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 83.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,477 shares of the company’s stock after selling 73,249 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Amerant Bancorp were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Amerant Bancorp by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock valued at $15,602,000 after purchasing an additional 2,929 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Amerant Bancorp by 3.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 550,683 shares of the company’s stock valued at $10,039,000 after purchasing an additional 16,943 shares in the last quarter. Endeavour Capital Advisors Inc. grew its holdings in shares of Amerant Bancorp by 6.5% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 391,671 shares of the company’s stock valued at $7,140,000 after purchasing an additional 23,827 shares during the last quarter. Peregrine Capital Management LLC increased its position in Amerant Bancorp by 9.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 246,297 shares of the company’s stock worth $4,490,000 after purchasing an additional 20,954 shares in the last quarter. Finally, CSM Advisors LLC bought a new position in Amerant Bancorp in the 2nd quarter valued at approximately $3,898,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Amerant Bancorp Stock Performance

NASDAQ AMTB opened at $22.99 on Friday. The company has a market capitalization of $948.71 million, a price-to-earnings ratio of -40.33 and a beta of 1.02. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a twelve month low of $15.62 and a twelve month high of $24.30. The stock has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $19.67.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.09 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.36 annualized dividend and a yield of 1.6%. Amerant Bancorp’s dividend payout ratio is presently 28.80%.

Insider Transactions at Amerant Bancorp

In other news, Director Odilon Almeida purchased 4,816 shares of the stock in a transaction on Tuesday, January 27th. The stock was purchased at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the acquisition, the director owned 5,316 shares in the company, valued at $111,582.84. This trade represents a 963.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AMTB shares. Raymond James Financial boosted their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on Amerant Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Finally, Piper Sandler increased their target price on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.75.

Amerant Bancorp Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.