Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 41.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMTB. Allspring Global Investments Holdings LLC raised its position in shares of Amerant Bancorp by 47.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock valued at $10,745,000 after buying an additional 154,466 shares during the last quarter. Rhumbline Advisers raised its position in shares of Amerant Bancorp by 14.1% in the fourth quarter. Rhumbline Advisers now owns 53,809 shares of the company's stock valued at $1,206,000 after buying an additional 6,664 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Amerant Bancorp in the fourth quarter valued at about $5,327,000. Angel Oak Capital Advisors LLC acquired a new stake in shares of Amerant Bancorp in the fourth quarter valued at about $336,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Amerant Bancorp in the fourth quarter valued at about $259,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Amerant Bancorp Stock Performance

Shares of Amerant Bancorp stock traded down $0.25 during trading on Wednesday, reaching $17.87. The company's stock had a trading volume of 159,933 shares, compared to its average volume of 201,289. The company has a 50-day moving average price of $17.73 and a two-hundred day moving average price of $20.93. The firm has a market cap of $747.53 million, a PE ratio of -31.35 and a beta of 1.32. Amerant Bancorp Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $27.00. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.01%. Amerant Bancorp's dividend payout ratio (DPR) is -60.00%.

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.