Curi RMB Capital LLC Increases Stock Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Curi RMB Capital LLC boosted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 94.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 388,319 shares of the company’s stock after acquiring an additional 188,319 shares during the period. Curi RMB Capital LLC’s holdings in Amerant Bancorp were worth $8,298,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMTB. US Bancorp DE grew its position in shares of Amerant Bancorp by 655.8% during the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after acquiring an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Amerant Bancorp by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after purchasing an additional 1,197 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Amerant Bancorp in the second quarter valued at approximately $199,000. Renaissance Technologies LLC acquired a new position in shares of Amerant Bancorp during the 2nd quarter worth approximately $250,000. Finally, Creative Planning lifted its position in shares of Amerant Bancorp by 7.6% during 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. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Stock Performance

NASDAQ:AMTB opened at $24.00 on Friday. The company has a market cap of $802.25 million, a P/E ratio of -16.22 and a beta of 0.99. Amerant Bancorp Inc. has a twelve month low of $18.54 and a twelve month high of $27.00. The company’s 50-day moving average price is $21.29 and its 200-day moving average price is $21.87. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Amerant Bancorp (NASDAQ:AMTB) last released its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. During the same period last year, the company posted $0.64 EPS. On average, sell-side analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Stephens upgraded shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Raymond James decreased their price target on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Janney Montgomery Scott lowered Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods decreased their target price on Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Amerant Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

About Amerant Bancorp

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.