Allspring Global Investments Holdings LLC grew its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 533,740 shares of the company's stock after purchasing an additional 54,274 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.27% of Amerant Bancorp worth $11,016,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AMTB. Kennedy Capital Management LLC lifted its holdings in shares of Amerant Bancorp by 40.2% during the 4th quarter. Kennedy Capital Management LLC now owns 936,963 shares of the company's stock valued at $20,997,000 after purchasing an additional 268,486 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Amerant Bancorp in the 4th quarter worth $4,199,000. JPMorgan Chase & Co. raised its stake in Amerant Bancorp by 588.2% in the 4th quarter. JPMorgan Chase & Co. now owns 160,088 shares of the company's stock worth $3,588,000 after acquiring an additional 136,827 shares during the last quarter. Sei Investments Co. raised its stake in Amerant Bancorp by 749.1% in the 4th quarter. Sei Investments Co. now owns 130,453 shares of the company's stock worth $2,923,000 after acquiring an additional 115,090 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Amerant Bancorp by 216.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 163,435 shares of the company's stock worth $3,663,000 after acquiring an additional 111,837 shares during the last quarter. Hedge funds and other institutional investors own 42.11% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on AMTB shares. Keefe, Bruyette & Woods reduced their target price on 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. Stephens restated an "overweight" rating and issued a $24.00 target price on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Finally, Raymond James Financial lowered 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $24.60.
Check Out Our Latest Stock Report on AMTB
Amerant Bancorp Stock Performance
Shares of NASDAQ AMTB traded up $0.45 during trading on Friday, reaching $19.64. 149,162 shares of the company traded hands, compared to its average volume of 202,977. The firm's fifty day simple moving average is $17.61 and its 200 day simple moving average is $20.05. The stock has a market cap of $821.52 million, a P/E ratio of -34.46 and a beta of 1.31. Amerant Bancorp Inc. has a 12-month low of $16.21 and a 12-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.
Amerant Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.83%. Amerant Bancorp's payout ratio is currently -60.00%.
Amerant Bancorp Company Profile
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Free Report)
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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