Amerant Bancorp Inc. $AMTB Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its ownership in Amerant Bancorp Inc. by 1.4%, owning approximately 5.07% of the company valued at $43.86 million after acquiring an additional 28,322 shares in the first quarter.
• Amerant Bancorp recently announced a quarterly dividend of $0.09 per share, set to be paid on August 29th, with a yield of 1.7% and a payout ratio of -180.00%.
• Analysts have a consensus rating of "Moderate Buy" for Amerant Bancorp, with a target price averaging $24.25, after recent upgrades and coverage by multiple research firms.

Vanguard Group Inc. boosted its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,124,902 shares of the company's stock after purchasing an additional 28,322 shares during the quarter. Vanguard Group Inc. owned approximately 5.07% of Amerant Bancorp worth $43,858,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC raised its stake in shares of Amerant Bancorp by 241.0% during the 1st quarter. CWM LLC now owns 1,579 shares of the company's stock worth $33,000 after buying an additional 1,116 shares during the period. Bank of New York Mellon Corp increased its holdings in Amerant Bancorp by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 148,200 shares of the company's stock worth $3,059,000 after acquiring an additional 3,454 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Amerant Bancorp by 11.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 533,740 shares of the company's stock worth $11,016,000 after acquiring an additional 54,274 shares during the period. Insigneo Advisory Services LLC acquired a new position in Amerant Bancorp during the first quarter worth $301,000. Finally, SummerHaven Investment Management LLC lifted its holdings in Amerant Bancorp by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 34,280 shares of the company's stock valued at $708,000 after purchasing an additional 620 shares in the last quarter. 42.11% of the stock is owned by institutional investors and hedge funds.

Amerant Bancorp Stock Down 0.4%

Shares of AMTB opened at $21.20 on Tuesday. Amerant Bancorp Inc. has a 52-week low of $16.21 and a 52-week high of $26.24. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $19.24 and a two-hundred day simple moving average of $19.39. The company has a market capitalization of $885.08 million, a PE ratio of -37.19 and a beta of 1.37.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 15th. Amerant Bancorp's dividend payout ratio (DPR) is -180.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Amerant Bancorp from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Stephens reiterated an "overweight" rating and set a $24.00 price objective on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods increased their target price on Amerant Bancorp from $20.00 to $22.00 and gave the company a "market perform" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.25.

Amerant Bancorp 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.

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