Tudor Investment Corp ET AL Has $1.74 Million Stock Holdings in Amerant Bancorp Inc. $AMTB

Tudor Investment Corp ET AL boosted its holdings in shares of Amerant Bancorp Inc. (NYSE:AMTB) by 411.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,367 shares of the company’s stock after purchasing an additional 72,709 shares during the quarter. Tudor Investment Corp ET AL owned about 0.22% of Amerant Bancorp worth $1,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMTB. Fourthstone LLC acquired a new position in shares of Amerant Bancorp during the second quarter worth approximately $959,000. Geode Capital Management LLC grew its stake in shares of Amerant Bancorp by 0.3% in the second quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock worth $15,602,000 after acquiring an additional 2,929 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Amerant Bancorp during the third quarter worth $810,000. Rafferty Asset Management LLC increased its position in Amerant Bancorp by 7.8% during the third quarter. Rafferty Asset Management LLC now owns 34,068 shares of the company’s stock worth $656,000 after acquiring an additional 2,469 shares during the period. Finally, EJF Capital LLC raised its stake in Amerant Bancorp by 3.5% during the 3rd quarter. EJF Capital LLC now owns 26,031 shares of the company’s stock valued at $502,000 after purchasing an additional 873 shares during the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Trading Down 1.2%

Shares of AMTB stock opened at $21.53 on Friday. The firm has a fifty day moving average of $21.71 and a 200-day moving average of $20.04. The stock has a market cap of $866.05 million, a price-to-earnings ratio of 17.22 and a beta of 1.00. Amerant Bancorp Inc. has a 52-week low of $15.62 and a 52-week high of $23.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.91 and a current ratio of 0.92.

Amerant Bancorp (NYSE:AMTB) last posted its earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%. The business had revenue of $230.71 million for the quarter.

Amerant Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, February 13th. Amerant Bancorp’s dividend payout ratio is currently 28.80%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Wall Street Zen lowered shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Keefe, Bruyette & Woods increased their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Zacks Research upgraded Amerant Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, Raymond James Financial upped their price target on Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Insider Activity

In related news, Director Odilon Almeida bought 4,816 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $101,087.84. Following the acquisition, the director owned 5,316 shares in the company, valued at approximately $111,582.84. This represents a 963.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.37% of the company’s stock.

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.