Angel Oak Capital Advisors LLC Purchases New Shares in Amerant Bancorp Inc. (NASDAQ:AMTB)

Angel Oak Capital Advisors LLC acquired a new stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $336,000. Amerant Bancorp makes up about 0.4% of Angel Oak Capital Advisors LLC’s holdings, making the stock its 22nd biggest position.

Several other institutional investors have also made changes to their positions in AMTB. Peregrine Capital Management LLC purchased a new stake in shares of Amerant Bancorp in the 4th quarter valued at approximately $5,327,000. Rhumbline Advisers grew its holdings in shares of Amerant Bancorp by 14.1% during the fourth quarter. Rhumbline Advisers now owns 53,809 shares of the company’s stock valued at $1,206,000 after buying an additional 6,664 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Amerant Bancorp by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company’s stock valued at $10,745,000 after buying an additional 154,466 shares in the last quarter. SG Americas Securities LLC boosted its position in Amerant Bancorp by 50.5% during the 4th quarter. SG Americas Securities LLC now owns 23,467 shares of the company’s stock worth $526,000 after acquiring an additional 7,877 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Amerant Bancorp by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock worth $497,000 after purchasing an additional 1,705 shares during the period. 42.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMTB. Keefe, Bruyette & Woods lifted their target price on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Piper Sandler boosted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Stephens restated an “overweight” rating and issued a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amerant Bancorp has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Amerant Bancorp Price Performance

Shares of NASDAQ:AMTB opened at $23.83 on Tuesday. The stock has a market capitalization of $1.00 billion, a P/E ratio of 16.91 and a beta of 1.02. The business has a 50-day moving average of $22.80 and a two-hundred day moving average of $22.16. Amerant Bancorp Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $27.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.51%. Amerant Bancorp’s payout ratio is currently -63.16%.

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.