Azora Capital LP lowered its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 520,996 shares of the company's stock after selling 15,967 shares during the quarter. Amerant Bancorp makes up approximately 0.7% of Azora Capital LP's holdings, making the stock its 28th biggest position. Azora Capital LP owned about 1.25% of Amerant Bancorp worth $10,753,000 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 the business. Wellington Management Group LLP increased its position in shares of Amerant Bancorp by 1.3% during the 1st quarter. Wellington Management Group LLP now owns 5,590,839 shares of the company's stock valued at $115,395,000 after purchasing an additional 70,455 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Amerant Bancorp by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 2,124,902 shares of the company's stock valued at $43,858,000 after purchasing an additional 28,322 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Amerant Bancorp by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,052,955 shares of the company's stock valued at $23,597,000 after purchasing an additional 66,816 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Amerant Bancorp by 11.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 533,740 shares of the company's stock valued at $11,016,000 after purchasing an additional 54,274 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Amerant Bancorp during the 1st quarter valued at about $8,806,000. Hedge funds and other institutional investors own 42.11% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Piper Sandler upped their price target on shares of Amerant Bancorp from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods upped their price target on shares of 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 data from MarketBeat.com, Amerant Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $24.25.
View Our Latest Research Report on Amerant Bancorp
Amerant Bancorp Trading Up 0.4%
Amerant Bancorp stock opened at $21.53 on Friday. The firm has a 50 day moving average of $19.53 and a 200 day moving average of $19.41. The firm has a market capitalization of $898.69 million, a price-to-earnings ratio of -37.76 and a beta of 1.37. Amerant Bancorp Inc. has a 12-month low of $16.21 and a 12-month high of $26.24. 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 company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.09 dividend. 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 is currently -180.00%.
Amerant Bancorp Company Profile
(
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.
Further Reading
Want to see what other hedge funds are holding AMTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report).
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