Curi RMB Capital LLC Raises Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

Curi RMB Capital LLC boosted its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 94.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,319 shares of the company’s stock after buying an additional 188,319 shares during the period. Curi RMB Capital LLC owned 1.16% of Amerant Bancorp worth $8,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE raised its position in shares of Amerant Bancorp by 655.8% in the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company’s stock worth $69,000 after acquiring an additional 2,787 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Amerant Bancorp during the third quarter valued at about $6,945,000. Creative Planning boosted its holdings in shares of Amerant Bancorp by 7.6% in the 3rd quarter. Creative Planning now owns 11,974 shares of the company’s stock valued at $256,000 after buying an additional 850 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Amerant Bancorp by 77.7% in the 3rd quarter. SG Americas Securities LLC now owns 15,590 shares of the company’s stock worth $333,000 after buying an additional 6,817 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Amerant Bancorp by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,998 shares of the company’s stock worth $272,000 after buying an additional 2,316 shares during the last quarter. Institutional investors own 42.11% of the company’s stock.

Wall Street Analyst Weigh In

AMTB has been the subject of several recent analyst reports. Raymond James lowered their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods dropped their target price on Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. Janney Montgomery Scott lowered Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Friday, July 26th. Stephens raised Amerant Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $24.00 to $25.00 in a report on Monday, September 30th. Finally, Piper Sandler boosted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Amerant Bancorp has an average rating of “Moderate Buy” and a consensus target price of $25.60.

Amerant Bancorp Price Performance

NASDAQ AMTB opened at $24.00 on Friday. The company has a market cap of $802.25 million, a price-to-earnings ratio of -16.22 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The stock’s fifty day moving average price is $21.29 and its 200 day moving average price is $21.87. Amerant Bancorp Inc. has a 1 year low of $18.54 and a 1 year high of $27.00.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. The business had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities research analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, November 14th. Amerant Bancorp’s dividend payout ratio is presently -24.32%.

Amerant Bancorp Company Profile

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.