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EVP, Chief Accounting Officer Fleitas Armando sale 6,240 shares of Amerant Bancorp Inc [AMTB]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amerant Bancorp Inc shares valued at $140,936 were sold by Fleitas Armando on May 22 ’24. At $22.59 per share, Fleitas Armando sold 6,240 shares. The insider’s holdings dropped to 5,594 shares worth approximately $0.13 million following the completion of this transaction.

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Also, Iafigliola Carlos sold 10,579 shares, netting a total of over 239,298 in proceeds. Following the sale of shares at $22.62 each, the insider now holds 9,961 shares.

Before that, Levine Howard A. had sold 1,200 shares from its account. In a trade valued at $24,888, the SEVP Head of Consumer Banking traded Amerant Bancorp Inc shares for $20.74 each. Upon closing the transaction, the insider’s holdings decreased to 1,200 shares, worth approximately $46543.920000000006.

Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of November 08, 2021, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for AMTB. Earlier on August 30, 2021, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for AMTB stock which previously was a “a Neutral”.

Analyzing AMTB Stock Performance

During the last five days, there has been a surge of approximately 5.06%. Over the course of the year, Amerant Bancorp Inc shares have dropped approximately -8.75%. Shares of the company reached a 52-week high of $25.19 on 01/02/24 and a 52-week low of $20.36 on 03/01/24. A 50-day SMA is recorded $22.16, while a 200-day SMA reached $21.58. Nevertheless, trading volume fell to 89348.0 shares from 0.13 million shares the previous day.

Support And Resistance Levels for Amerant Bancorp Inc (AMTB)

According to the 24-hour chart, there is a support level at 22.32, which, if violated, would cause prices to drop to 22.15. In the upper region, resistance lies at 22.80. The next price resistance is at 23.11. RSI (Relative Strength Index) is 55.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 21.83%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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