Allspring Global Investments Holdings LLC Buys 16,943 Shares of Amerant Bancorp Inc. $AMTB

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Amerant Bancorp Inc. by 3.2%, acquiring an additional 16,943 shares, bringing its total ownership to 550,683 shares valued at approximately $10 million.
• Amerant Bancorp recently declared a quarterly dividend of $0.09 per share, resulting in an annualized dividend of $0.36 and a yield of 2.0%, despite having a payout ratio of -180.00%.
• Research analysts have raised their price targets for Amerant Bancorp, with Piper Sandler setting a new target at $26.00, indicating a positive outlook for the stock.

Allspring Global Investments Holdings LLC increased its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 550,683 shares of the company's stock after buying an additional 16,943 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.32% of Amerant Bancorp worth $10,039,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Amerant Bancorp by 160.4% during the first quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock worth $25,000 after buying an additional 746 shares in the last quarter. CWM LLC boosted its position in Amerant Bancorp by 241.0% in the first quarter. CWM LLC now owns 1,579 shares of the company's stock worth $33,000 after purchasing an additional 1,116 shares during the last quarter. AlphaQuest LLC purchased a new position in Amerant Bancorp in the first quarter worth $59,000. Penn Capital Management Company LLC purchased a new position in Amerant Bancorp in the first quarter worth $249,000. Finally, Russell Investments Group Ltd. boosted its position in Amerant Bancorp by 1,965.6% in the first quarter. Russell Investments Group Ltd. now owns 16,504 shares of the company's stock worth $341,000 after purchasing an additional 15,705 shares during the last quarter. Institutional investors own 42.11% of the company's stock.

Amerant Bancorp Stock Up 1.1%

Shares of NASDAQ AMTB opened at $17.94 on Friday. Amerant Bancorp Inc. has a one year low of $16.21 and a one year high of $26.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The business's fifty day moving average price is $20.15 and its 200-day moving average price is $18.89. The stock has a market capitalization of $749.14 million, a PE ratio of -31.48 and a beta of 1.30.

Amerant Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 15th. Amerant Bancorp's dividend payout ratio is currently -180.00%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler boosted their price objective on Amerant Bancorp from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods boosted their price objective on Amerant Bancorp from $20.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

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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