Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 11.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 533,740 shares of the company’s stock after purchasing an additional 54,274 shares during the period. Allspring Global Investments Holdings LLC owned about 1.27% of Amerant Bancorp worth $11,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of AMTB. Kennedy Capital Management LLC grew its stake in Amerant Bancorp by 40.2% during the 4th quarter. Kennedy Capital Management LLC now owns 936,963 shares of the company’s stock valued at $20,997,000 after acquiring an additional 268,486 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Amerant Bancorp during the 4th quarter worth $4,199,000. JPMorgan Chase & Co. grew its position in Amerant Bancorp by 588.2% during the 4th quarter. JPMorgan Chase & Co. now owns 160,088 shares of the company’s stock worth $3,588,000 after purchasing an additional 136,827 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Amerant Bancorp by 749.1% in the fourth quarter. Sei Investments Co. now owns 130,453 shares of the company’s stock valued at $2,923,000 after acquiring an additional 115,090 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Amerant Bancorp by 216.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 163,435 shares of the company’s stock valued at $3,663,000 after acquiring an additional 111,837 shares in the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

Wall Street Analysts Forecast Growth

AMTB has been the topic of a number of research analyst reports. Stephens reissued an “overweight” rating and set a $24.00 price objective on shares of Amerant Bancorp in a report on Tuesday, April 29th. Raymond James Financial lowered shares of Amerant Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.60.

Amerant Bancorp Stock Up 2.3%

Amerant Bancorp stock opened at $19.64 on Friday. The stock has a market cap of $821.52 million, a price-to-earnings ratio of -34.46 and a beta of 1.31. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $17.55 and its two-hundred day moving average price is $20.11. Amerant Bancorp Inc. has a 52 week low of $16.21 and a 52 week high of $27.00.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.36 annualized dividend and a yield of 1.83%. Amerant Bancorp’s payout ratio is -60.00%.

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.