UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.94 Million Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 41.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 86,531 shares of the company's stock after acquiring an additional 25,359 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Amerant Bancorp worth $1,939,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Amerant Bancorp by 47.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock valued at $10,745,000 after acquiring an additional 154,466 shares during the period. Rhumbline Advisers boosted its stake in shares of Amerant Bancorp by 14.1% during the 4th quarter. Rhumbline Advisers now owns 53,809 shares of the company's stock worth $1,206,000 after acquiring an additional 6,664 shares during the period. Peregrine Capital Management LLC bought a new position in shares of Amerant Bancorp during the 4th quarter worth approximately $5,327,000. Angel Oak Capital Advisors LLC acquired a new position in shares of Amerant Bancorp during the 4th quarter worth approximately $336,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Amerant Bancorp in the 4th quarter valued at $259,000. Institutional investors own 42.11% of the company's stock.

Amerant Bancorp Price Performance

AMTB stock traded up $0.29 during mid-day trading on Monday, hitting $17.67. The stock had a trading volume of 201,485 shares, compared to its average volume of 199,752. The firm has a fifty day simple moving average of $17.79 and a 200 day simple moving average of $21.03. The firm has a market capitalization of $738.91 million, a P/E ratio of -30.99 and a beta of 1.32. 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 Inc. has a 52 week low of $16.21 and a 52 week high of $27.00.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, May 15th. Amerant Bancorp's payout ratio is currently -60.00%.

Analyst Ratings Changes

Several brokerages recently commented on AMTB. Stephens reaffirmed an "overweight" rating and set a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Keefe, Bruyette & Woods reduced their price objective on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Finally, Raymond James lowered Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 24th. Three equities 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, Amerant Bancorp presently has a consensus rating of "Hold" and a consensus price target of $24.60.

Amerant Bancorp 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.