Nuveen LLC Makes New $2.84 Million Investment 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 shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 137,411 shares of the company's stock, valued at approximately $2,836,000. Nuveen LLC owned 0.33% of Amerant Bancorp at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Amerant Bancorp by 160.4% during the 1st quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock valued at $25,000 after buying an additional 746 shares during the period. CWM LLC increased its stake 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 buying an additional 1,116 shares during the period. Point72 Asset Management L.P. acquired a new position in Amerant Bancorp during the 4th quarter valued at about $199,000. ProShare Advisors LLC acquired a new position in Amerant Bancorp during the 4th quarter valued at about $234,000. Finally, Tower Research Capital LLC TRC increased its stake in Amerant Bancorp by 77.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,544 shares of the company's stock valued at $236,000 after buying an additional 4,589 shares during the period. Institutional investors and hedge funds own 42.11% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler raised their target price on shares of Amerant Bancorp from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $20.00 to $22.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.25.

Amerant Bancorp Price Performance

Shares of AMTB traded down $0.04 during mid-day trading on Wednesday, hitting $21.22. The company's stock had a trading volume of 113,907 shares, compared to its average volume of 196,710. The firm has a 50-day moving average price of $19.86 and a 200 day moving average price of $19.34. The stock has a market capitalization of $885.71 million, a price-to-earnings ratio of -37.22 and a beta of 1.43. 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 fifty-two week low of $16.21 and a fifty-two week high of $26.24.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. Amerant Bancorp's payout ratio is currently -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.