Barclays PLC Increases Stock Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

Barclays PLC lifted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,830 shares of the company's stock after buying an additional 17,914 shares during the period. Barclays PLC owned approximately 0.20% of Amerant Bancorp worth $1,923,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMTB. Allspring Global Investments Holdings LLC increased its stake in Amerant Bancorp by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock worth $10,745,000 after acquiring an additional 154,466 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Amerant Bancorp during the 4th quarter worth about $269,000. JPMorgan Chase & Co. increased its position in Amerant Bancorp by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company's stock worth $497,000 after purchasing an additional 1,705 shares in the last quarter. Angel Oak Capital Advisors LLC purchased a new position in Amerant Bancorp in the fourth quarter valued at approximately $336,000. Finally, Vanguard Group Inc. lifted its position in Amerant Bancorp by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 2,096,580 shares of the company's stock valued at $46,984,000 after buying an additional 87,136 shares in the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Price Performance

AMTB opened at $16.92 on Friday. Amerant Bancorp Inc. has a twelve month low of $16.21 and a twelve month high of $27.00. 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 firm has a market cap of $709.29 million, a price-to-earnings ratio of -29.68 and a beta of 1.05. The company has a fifty day simple moving average of $19.81 and a 200 day simple moving average of $21.90.

Amerant Bancorp Announces Dividend

The firm also recently declared 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 2.13%. The ex-dividend date is Thursday, May 15th. Amerant Bancorp's dividend payout ratio (DPR) is -60.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stephens reissued an "overweight" rating and issued a $24.00 price objective on shares of Amerant Bancorp in a research report on Tuesday. Keefe, Bruyette & Woods cut their price objective on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Finally, Raymond James cut Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amerant Bancorp presently has a consensus rating of "Hold" and a consensus target price of $24.60.

About Amerant Bancorp

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.

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