Foundry Partners LLC Has $3.38 Million Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

Foundry Partners LLC grew its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,935 shares of the company’s stock after buying an additional 27,170 shares during the quarter. Foundry Partners LLC owned approximately 0.47% of Amerant Bancorp worth $3,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in AMTB. US Bancorp DE grew its holdings 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 worth $69,000 after purchasing an additional 2,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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 last quarter. SG Americas Securities LLC bought a new stake in Amerant Bancorp in the second quarter valued at about $199,000. Renaissance Technologies LLC bought a new stake in shares of Amerant Bancorp in the second quarter worth about $250,000. Finally, Creative Planning increased its holdings in shares of Amerant Bancorp by 7.6% in the third quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after acquiring an additional 850 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Trading Up 4.3 %

Amerant Bancorp stock opened at $24.92 on Friday. The stock has a market cap of $1.05 billion, a P/E ratio of -16.08 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp Inc. has a fifty-two week low of $18.54 and a fifty-two week high of $27.00. The firm’s fifty day moving average price is $21.59 and its 200-day moving average price is $21.92.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of ($999.00) million during 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 in the prior year, the business posted $0.64 earnings per share. Equities research analysts forecast that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.

Amerant Bancorp Announces Dividend

The firm 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 dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 14th. Amerant Bancorp’s dividend payout ratio is -24.32%.

Wall Street Analyst Weigh In

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

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.