Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lessened its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 269,205 shares of the company’s stock after selling 3,722 shares during the quarter. Kennedy Capital Management LLC owned about 0.80% of Amerant Bancorp worth $6,270,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMTB. Public Employees Retirement System of Ohio lifted its position in Amerant Bancorp by 430.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,212 shares of the company’s stock valued at $153,000 after acquiring an additional 5,042 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Amerant Bancorp by 10.3% during the fourth quarter. New York State Common Retirement Fund now owns 9,825 shares of the company’s stock worth $241,000 after acquiring an additional 914 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Amerant Bancorp by 89.8% during the first quarter. BNP Paribas Financial Markets now owns 13,234 shares of the company’s stock worth $308,000 after acquiring an additional 6,261 shares during the period. Salzhauer Michael increased its stake in shares of Amerant Bancorp by 66.7% during the first quarter. Salzhauer Michael now owns 24,988 shares of the company’s stock worth $582,000 after acquiring an additional 10,000 shares during the period. Finally, Mendon Capital Advisors Corp acquired a new position in shares of Amerant Bancorp during the fourth quarter worth about $3,563,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Trading Down 0.6 %

Shares of AMTB traded down $0.13 on Wednesday, hitting $22.21. 4,497 shares of the stock traded hands, compared to its average volume of 106,861. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $748.92 million, a P/E ratio of 12.85 and a beta of 1.01. The stock’s 50 day moving average is $22.72 and its two-hundred day moving average is $22.48. Amerant Bancorp Inc. has a 1 year low of $16.63 and a 1 year high of $27.00.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.07). Amerant Bancorp had a net margin of 3.51% and a return on equity of 7.79%. During the same quarter in the previous year, the company posted $0.24 EPS. As a group, sell-side analysts predict that Amerant Bancorp Inc. will post 1.43 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, August 15th. Amerant Bancorp’s dividend payout ratio is currently 52.94%.

Analyst Upgrades and Downgrades

AMTB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday. Janney Montgomery Scott lowered shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Amerant Bancorp presently has an average rating of “Hold” and a consensus price target of $25.20.

Insider Transactions at Amerant Bancorp

In other news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total value of $239,296.98. Following the transaction, the chief operating officer now owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total value of $239,296.98. Following the transaction, the chief operating officer now owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Armando Fleitas sold 6,240 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $22.59, for a total transaction of $140,961.60. Following the sale, the chief accounting officer now owns 5,594 shares in the company, valued at approximately $126,368.46. The disclosure for this sale can be found here. Company insiders own 13.49% of the company’s stock.

Amerant Bancorp 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.