Amerant Bancorp Inc. $AMTB Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Amerant Bancorp by 1.3%, owning 5,590,839 shares valued at approximately $115.4 million as of the end of the last quarter.
• A quarterly dividend of $0.09 per share will be paid on August 29th, representing an annualized yield of 1.8% despite the company's negative payout ratio.
• Amerant Bancorp's stock is currently trading at $19.91, down 1.1%, with a 12-month price range of $16.21 to $26.24, and an average analyst rating of "Moderate Buy" with a consensus target price of $24.25.

Wellington Management Group LLP raised its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,590,839 shares of the company's stock after purchasing an additional 70,455 shares during the period. Wellington Management Group LLP owned 13.34% of Amerant Bancorp worth $115,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock worth $26,000 after acquiring an additional 1,061 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Amerant Bancorp by 160.4% in the first quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock worth $25,000 after acquiring an additional 746 shares in the last quarter. CWM LLC increased its position in shares of Amerant Bancorp by 241.0% in the first quarter. CWM LLC now owns 1,579 shares of the company's stock worth $33,000 after acquiring an additional 1,116 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Amerant Bancorp by 49.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock worth $87,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Amerant Bancorp in the fourth quarter worth $199,000. Institutional investors and hedge funds own 42.11% of the company's stock.

Amerant Bancorp Stock Up 0.9%

NASDAQ AMTB traded up $0.20 during trading hours on Wednesday, reaching $21.57. 14,119 shares of the company traded hands, compared to its average volume of 197,473. 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. The stock has a market capitalization of $900.53 million, a PE ratio of -37.84 and a beta of 1.37. The company has a 50 day moving average of $19.33 and a two-hundred day moving average of $19.41.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 15th. Amerant Bancorp's dividend payout ratio (DPR) is presently -180.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Amerant Bancorp from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods increased 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 report on Monday, July 28th. Finally, Stephens restated an "overweight" rating and issued a $24.00 target price on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.25.

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.