SummerHaven Investment Management LLC Purchases 620 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

SummerHaven Investment Management LLC raised its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,280 shares of the company’s stock after acquiring an additional 620 shares during the quarter. SummerHaven Investment Management LLC owned about 0.08% of Amerant Bancorp worth $708,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AMTB. GAMMA Investing LLC raised its holdings in shares of Amerant Bancorp by 160.4% during the first quarter. GAMMA Investing LLC now owns 1,211 shares of the company’s stock valued at $25,000 after purchasing an additional 746 shares during the period. Sterling Capital Management LLC boosted its position in Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company’s stock worth $26,000 after purchasing an additional 1,061 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Amerant Bancorp by 49.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company’s stock worth $87,000 after buying an additional 1,286 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Amerant Bancorp during the fourth quarter worth about $148,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Amerant Bancorp during the 4th quarter valued at approximately $199,000. Institutional investors own 42.11% of the company’s stock.

Wall Street Analysts Forecast Growth

AMTB has been the topic of several research analyst reports. Raymond James downgraded Amerant Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target on Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday, April 25th. Finally, Stephens reiterated an “overweight” rating and set a $24.00 price target on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.60.

Amerant Bancorp Stock Performance

Shares of AMTB stock opened at $17.87 on Thursday. The firm’s 50 day moving average is $17.73 and its 200 day moving average is $20.93. The stock has a market capitalization of $747.53 million, a P/E ratio of -31.35 and a beta of 1.32. Amerant Bancorp Inc. has a 12 month low of $16.21 and a 12 month high of $27.00. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.36 annualized dividend and a dividend yield of 2.01%. Amerant Bancorp’s dividend payout ratio is currently -60.00%.

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.