Vanguard Group Inc. Buys 28,322 Shares of Amerant Bancorp Inc. $AMTB

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 Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,124,902 shares of the company's stock after buying an additional 28,322 shares during the period. Vanguard Group Inc. owned approximately 5.07% of Amerant Bancorp worth $43,858,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMTB. Wells Fargo & Company MN increased its position in Amerant Bancorp by 59.7% in the 4th quarter. Wells Fargo & Company MN now owns 21,735 shares of the company's stock worth $487,000 after buying an additional 8,125 shares during the period. Legal & General Group Plc increased its position in Amerant Bancorp by 6.8% in the 4th quarter. Legal & General Group Plc now owns 31,606 shares of the company's stock worth $708,000 after buying an additional 2,003 shares during the period. Barclays PLC increased its position in Amerant Bancorp by 26.4% in the 4th quarter. Barclays PLC now owns 85,830 shares of the company's stock worth $1,923,000 after buying an additional 17,914 shares during the period. Marshall Wace LLP bought a new position in Amerant Bancorp in the 4th quarter worth approximately $935,000. Finally, Dimensional Fund Advisors LP increased its position in Amerant Bancorp by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,052,955 shares of the company's stock worth $23,597,000 after buying an additional 66,816 shares during the period. 42.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler lifted their price target 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 company a "market perform" rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Amerant Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $24.25.

Amerant Bancorp Stock Performance

Shares of AMTB traded up $0.04 on Friday, reaching $21.54. 125,321 shares of the stock traded hands, compared to its average volume of 197,669. The firm has a market cap of $899.32 million, a price-to-earnings ratio of -37.79 and a beta of 1.37. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. Amerant Bancorp Inc. has a 12 month low of $16.21 and a 12 month high of $26.24. The stock's 50-day moving average price is $19.63 and its 200-day moving average price is $19.33.

Amerant Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 15th. Amerant Bancorp's dividend payout ratio is -180.00%.

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.