Short Interest in Amerant Bancorp Inc. (NASDAQ:AMTB) Decreases By 7.9%

Amerant Bancorp Inc. (NASDAQ:AMTB – Get Rating) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 435,100 shares, a drop of 7.9% from the February 13th total of 472,500 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 65,700 shares, the days-to-cover ratio is currently 6.6 days.

Wall Street Analyst Weigh In

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

Amerant Bancorp Price Performance

AMTB opened at $23.05 on Thursday. The stock has a market cap of $779.83 million, a price-to-earnings ratio of 12.46 and a beta of 1.03. Amerant Bancorp has a 1 year low of $22.24 and a 1 year high of $32.63. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average price of $27.73 and a 200 day moving average price of $27.57.

Amerant Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were paid a $0.09 dividend. The ex-dividend date was Friday, February 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.56%. Amerant Bancorp’s payout ratio is presently 3.24%.

Hedge Funds Weigh In On Amerant Bancorp

A number of institutional investors have recently made changes to their positions in AMTB. Lazard Asset Management LLC bought a new position in Amerant Bancorp during the first quarter valued at about $26,000. Great West Life Assurance Co. Can acquired a new position in shares of Amerant Bancorp in the 3rd quarter worth approximately $37,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Amerant Bancorp by 146.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,469 shares of the company’s stock worth $98,000 after buying an additional 2,062 shares in the last quarter. Quantbot Technologies LP acquired a new position in Amerant Bancorp during the 2nd quarter worth $144,000. Finally, SG Americas Securities LLC lifted its holdings in Amerant Bancorp by 28.0% during the 4th quarter. SG Americas Securities LLC now owns 7,104 shares of the company’s stock worth $191,000 after buying an additional 1,556 shares in the last quarter. 37.77% of the stock is currently owned by institutional investors.

Amerant Bancorp Company Profile

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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.