Amerant Bancorp (NASDAQ:AMTB) Hits New 12-Month Low at $23.17

Amerant Bancorp Inc. (NASDAQ:AMTB – Get Rating) shares reached a new 52-week low during trading on Monday . The stock traded as low as $23.17 and last traded at $23.64, with a volume of 15183 shares traded. The stock had previously closed at $25.24.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut Amerant Bancorp from an “outperform” rating to a “market perform” rating and set a $32.00 price objective on the stock. in a research note on Monday, December 12th.

Amerant Bancorp Price Performance

The firm has a market cap of $797.76 million, a P/E ratio of 12.75 and a beta of 1.03. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.01 and a quick ratio of 1.00. The stock’s 50-day simple moving average is $27.81 and its two-hundred day simple moving average is $27.60.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 13th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 10th. Amerant Bancorp’s dividend payout ratio (DPR) is currently 3.24%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMTB. Lazard Asset Management LLC purchased a new stake in shares of Amerant Bancorp in the first quarter worth approximately $26,000. Great West Life Assurance Co. Can purchased a new stake in Amerant Bancorp in the third quarter worth $37,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Amerant Bancorp by 146.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,469 shares of the company’s stock worth $98,000 after purchasing an additional 2,062 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Amerant Bancorp during the second quarter valued at $144,000. Finally, SG Americas Securities LLC grew its holdings in shares of Amerant Bancorp by 28.0% in the fourth quarter. SG Americas Securities LLC now owns 7,104 shares of the company’s stock worth $191,000 after purchasing an additional 1,556 shares during the last quarter. Hedge funds and other institutional investors own 37.77% of the company’s stock.

About Amerant Bancorp

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Amerant Bancorp, Inc operates as the bank holding company, which provides banking products and services to individuals and businesses in the United States and internationally. The firm offers a range of checking and savings accounts, certificates of deposit, and money market accounts. It also provides variable and fixed rate commercial real estate loans, loans secured by owner-occupied properties, loans to domestic and foreign individuals primarily secured by personal residence, working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans, loans to financial institutions and acceptances, and consumer loans and overdrafts, such as automobile loans, personal loans, or loans secured by cash or securities and revolving credit card agreements.