Amerant Bancorp Inc (NYSE: AMTB) is -10.22% lower on its value in year-to-date trading and has touched a low of $16.63 and a high of $27.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMTB stock was last observed hovering at around $21.89 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $22.06, the stock is 8.07% and -0.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 0.78% at the moment leaves the stock -1.38% off its SMA200. AMTB registered 17.09% gain for a year compared to 6-month gain of 5.20%.
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The stock witnessed a 4.15% loss in the last 1 month and extending the period to 3 months gives it a 0.09%, and is -0.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.91% over the week and 3.45% over the month.
Amerant Bancorp Inc (AMTB) has around 682 employees, a market worth around $738.79M and $633.44M in sales. Current P/E ratio is 36.55 and Fwd P/E is 10.01. Profit margin for the company is 3.24%. Distance from 52-week low is 32.65% and -18.30% from its 52-week high. The company has generated returns on investments over the last 12 months (1.17%).
The EPS is expected to shrink by -29.74% this year.
Amerant Bancorp Inc (AMTB) Top Institutional Holders
146.0 institutions hold shares in Amerant Bancorp Inc (AMTB), with institutional investors hold 57.94% of the company’s shares. The shares outstanding are 33.60M, and float is at 26.82M with Short Float at 3.36%. Institutions hold 47.55% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 3.24 million shares valued at $73.59 million. The investor’s holdings represent 9.6961% of the AMTB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.32 million shares valued at $$52.62 million to account for 6.9334 of the shares outstanding. The other top investors are PATRIOT FINANCIAL PARTNERS GP, LP which holds 2.32 million shares representing 6.9261% and valued at over $52.56 million, while VANGUARD GROUP INC holds 4.7239 of the shares totaling 1.58 million with a market value of $35.85 million.
Amerant Bancorp Inc (AMTB) Insider Activity
The most recent transaction is an insider sale by Fleitas Armando,the company’sEVP, Chief Accounting Officer. SEC filings show that Fleitas Armando sold 6,240 shares of the company’s common stock on May 22 ’24 at a price of $22.59 per share for a total of $0.14 million. Following the sale, the insider now owns 5594.0 shares.
Amerant Bancorp Inc disclosed in a document filed with the SEC on May 02 ’24 that Iafigliola Carlos (SEVP Chief Operating Officer) sold a total of 10,579 shares of the company’s common stock. The trade occurred on May 02 ’24 and was made at $22.62 per share for $0.24 million. Following the transaction, the insider now directly holds 9961.0 shares of the AMTB stock.
Still, SEC filings show that on Nov 29 ’23, Levine Howard A. (SEVP Head of Consumer Banking) disposed off 1,200 shares at an average price of $20.74 for $24888.0. The insider now directly holds 2,076 shares of Amerant Bancorp Inc (AMTB).
