Allspring Global Investments Holdings LLC Buys 54,274 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Allspring Global Investments Holdings LLC grew its position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 about 1.27% of Amerant Bancorp worth $11,016,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AMTB. GAMMA Investing LLC lifted its position in shares of Amerant Bancorp by 160.4% in the 1st quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock worth $25,000 after acquiring an additional 746 shares during the period. Sterling Capital Management LLC increased its holdings in Amerant Bancorp by 1,000.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock valued at $26,000 after purchasing an additional 1,061 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Amerant Bancorp by 49.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock valued at $87,000 after purchasing an additional 1,286 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Amerant Bancorp in the 4th quarter valued at $148,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Amerant Bancorp in the 4th quarter valued at $199,000. 42.11% of the stock is owned by institutional investors and hedge funds.

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB traded down $0.41 during trading hours on Monday, reaching $19.23. 256,578 shares of the stock were exchanged, compared to its average volume of 203,191. The firm has a market capitalization of $804.37 million, a price-to-earnings ratio of -33.74 and a beta of 1.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp Inc. has a 52 week low of $16.21 and a 52 week high of $27.00. The stock's fifty day simple moving average is $17.66 and its 200 day simple moving average is $20.02.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, May 15th. Amerant Bancorp's dividend payout ratio is currently -60.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMTB. Raymond James Financial downgraded Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday, April 24th. Stephens reiterated an "overweight" rating and set a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods reduced their target price on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $24.60.

Amerant Bancorp Company 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.