Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 47.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 479,466 shares of the company’s stock after purchasing an additional 154,466 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.14% of Amerant Bancorp worth $10,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Amerant Bancorp in the 3rd quarter worth approximately $65,000. US Bancorp DE boosted its holdings in Amerant Bancorp by 655.8% during the third quarter. US Bancorp DE now owns 3,212 shares of the company’s stock worth $69,000 after buying an additional 2,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Amerant Bancorp by 74.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock worth $193,000 after buying an additional 3,845 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Amerant Bancorp during the third quarter worth $247,000. Finally, Creative Planning boosted its holdings in Amerant Bancorp by 7.6% during the third quarter. Creative Planning now owns 11,974 shares of the company’s stock worth $256,000 after buying an additional 850 shares in the last quarter. 42.11% of the stock is owned by institutional investors and hedge funds.

Amerant Bancorp Trading Up 0.5 %

Shares of Amerant Bancorp stock opened at $23.83 on Tuesday. The stock has a market cap of $1.00 billion, a P/E ratio of -41.80 and a beta of 1.02. The stock’s 50 day simple moving average is $22.80 and its 200-day simple moving average is $22.16. Amerant Bancorp Inc. has a 1-year low of $18.54 and a 1-year high of $27.00. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, February 14th. Amerant Bancorp’s dividend payout ratio (DPR) is currently -63.16%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMTB shares. Keefe, Bruyette & Woods lifted their price objective on Amerant Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Stephens reaffirmed an “overweight” rating and issued a $29.00 price target on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Finally, Piper Sandler lifted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.00.

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.