Amerant Bancorp Inc. $AMTB Stock Holdings Decreased by Patriot Financial Partners GP II L.P.

Patriot Financial Partners GP II L.P. lowered its position in Amerant Bancorp Inc. (NYSE:AMTBFree Report) by 2.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,257,283 shares of the company’s stock after selling 58,306 shares during the period. Amerant Bancorp comprises approximately 12.8% of Patriot Financial Partners GP II L.P.’s holdings, making the stock its 4th largest position. Patriot Financial Partners GP II L.P. owned 0.06% of Amerant Bancorp worth $49,751,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Amerant Bancorp by 1.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,309 shares of the company’s stock valued at $962,000 after acquiring an additional 473 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Amerant Bancorp by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock valued at $2,807,000 after acquiring an additional 500 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Amerant Bancorp by 11.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after acquiring an additional 526 shares during the period. Legal & General Group Plc boosted its stake in shares of Amerant Bancorp by 1.8% in the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock worth $653,000 after acquiring an additional 617 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Amerant Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock worth $454,000 after purchasing an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analyst Ratings Changes

AMTB has been the topic of several recent analyst reports. Zacks Research raised Amerant Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings lowered shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Amerant Bancorp currently has a consensus rating of “Hold” and a consensus price target of $23.67.

Read Our Latest Report on Amerant Bancorp

Amerant Bancorp Stock Performance

Shares of NYSE AMTB opened at $26.15 on Friday. The company has a market cap of $1.03 billion, a P/E ratio of 18.54 and a beta of 0.88. Amerant Bancorp Inc. has a 52-week low of $15.62 and a 52-week high of $26.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. The firm’s fifty day moving average is $23.84 and its two-hundred day moving average is $22.60.

Amerant Bancorp (NYSE:AMTBGet Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $177.94 million during the quarter, compared to the consensus estimate of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. As a group, analysts anticipate that Amerant Bancorp Inc. will post 1.79 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 15th. Amerant Bancorp’s payout ratio is currently 25.53%.

Amerant Bancorp Company Profile

(Free Report)

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.

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Institutional Ownership by Quarter for Amerant Bancorp (NYSE:AMTB)

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