Amerant Bancorp Inc. (NASDAQ:AMTB) Holdings Boosted by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 24.2% during the 4th quarter, HoldingsChannel reports. The firm owned 348,650 shares of the company’s stock after buying an additional 67,837 shares during the quarter. Northern Trust Corp’s holdings in Amerant Bancorp were worth $7,813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMTB. JPMorgan Chase & Co. boosted its stake in shares of Amerant Bancorp by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock valued at $497,000 after buying an additional 1,705 shares during the period. SG Americas Securities LLC boosted its stake in shares of Amerant Bancorp by 50.5% during the 4th quarter. SG Americas Securities LLC now owns 23,467 shares of the company’s stock valued at $526,000 after buying an additional 7,877 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Amerant Bancorp by 47.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company’s stock valued at $10,745,000 after buying an additional 154,466 shares during the period. Rhumbline Advisers boosted its stake in shares of Amerant Bancorp by 14.1% during the 4th quarter. Rhumbline Advisers now owns 53,809 shares of the company’s stock valued at $1,206,000 after buying an additional 6,664 shares during the period. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Amerant Bancorp during the 4th quarter valued at $5,327,000. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Down 1.1%

AMTB stock opened at $18.07 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 1 year low of $16.21 and a 1 year high of $27.00. The company has a fifty day simple moving average of $18.88 and a 200 day simple moving average of $21.66. The firm has a market cap of $755.68 million, a PE ratio of -31.69 and a beta of 1.31.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 15th. Amerant Bancorp’s payout ratio is presently -60.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMTB shares. Stephens reissued an “overweight” rating and set a $24.00 target price on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods decreased their target price on shares of Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. Finally, Raymond James lowered shares of Amerant Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.60.

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.