Nuveen LLC Invests $2.84 Million in Amerant Bancorp Inc. $AMTB

Key Points

• Nuveen LLC has made a new investment of approximately $2.84 million in Amerant Bancorp Inc., acquiring 137,411 shares of the company.
• The company recently announced a quarterly dividend of $0.09 per share, representing an annualized yield of 1.7%.
• Amerant Bancorp has an average rating of "Moderate Buy" from analysts, with a price target ranging from $22.00 to $26.00.

Nuveen LLC bought a new stake in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 137,411 shares of the company's stock, valued at approximately $2,836,000. Nuveen LLC owned about 0.33% of Amerant Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMTB. Invesco Ltd. raised its position in Amerant Bancorp by 9.6% during the 1st quarter. Invesco Ltd. now owns 56,888 shares of the company's stock valued at $1,174,000 after purchasing an additional 4,981 shares during the last quarter. Swiss National Bank raised its position in Amerant Bancorp by 1.4% during the 1st quarter. Swiss National Bank now owns 66,837 shares of the company's stock valued at $1,380,000 after purchasing an additional 900 shares during the last quarter. Vanguard Group Inc. raised its position in 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. CWM LLC raised its position in Amerant Bancorp by 241.0% during the 1st quarter. CWM LLC now owns 1,579 shares of the company's stock valued at $33,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Amerant Bancorp by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 148,200 shares of the company's stock valued at $3,059,000 after purchasing an additional 3,454 shares during the last quarter. Institutional investors own 42.11% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Amerant Bancorp from $20.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Piper Sandler increased their target price on Amerant Bancorp from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $24.25.

Amerant Bancorp Stock Down 0.9%

AMTB stock traded down $0.20 on Tuesday, reaching $21.31. 45,245 shares of the company traded hands, compared to its average volume of 196,698. Amerant Bancorp Inc. has a one year low of $16.21 and a one year high of $26.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The company has a market cap of $889.46 million, a P/E ratio of -37.29 and a beta of 1.43. The firm has a fifty day simple moving average of $19.71 and a 200-day simple moving average of $19.32.

Amerant Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were 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 was Friday, August 15th. Amerant Bancorp's dividend payout ratio (DPR) is currently -180.00%.

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.