UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.31 Million Position in Amerant Bancorp Inc. (NASDAQ:AMTB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,172 shares of the company’s stock after selling 7,701 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Amerant Bancorp worth $1,307,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Amerant Bancorp by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock valued at $19,621,000 after buying an additional 72,028 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Amerant Bancorp by 21.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company’s stock worth $5,790,000 after acquiring an additional 47,882 shares during the period. Creative Planning lifted its position in Amerant Bancorp by 7.6% in the 3rd quarter. Creative Planning now owns 11,974 shares of the company’s stock valued at $256,000 after acquiring an additional 850 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Amerant Bancorp in the 3rd quarter worth $6,945,000. Finally, Foundry Partners LLC increased its holdings in Amerant Bancorp by 20.8% during the 3rd quarter. Foundry Partners LLC now owns 157,935 shares of the company’s stock worth $3,375,000 after purchasing an additional 27,170 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Trading Down 2.4 %

Shares of Amerant Bancorp stock opened at $24.29 on Wednesday. The stock has a market cap of $1.02 billion, a P/E ratio of -16.41 and a beta of 1.01. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 12-month low of $18.54 and a 12-month high of $27.00. The business’s 50 day moving average is $23.06 and its 200-day moving average is $22.23.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The firm had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. During the same quarter last year, the company posted $0.64 earnings per share. Equities research analysts predict that Amerant Bancorp Inc. will post 1.22 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, November 14th. Amerant Bancorp’s payout ratio is currently -24.32%.

Analyst Ratings Changes

AMTB has been the subject of several recent research reports. Raymond James reduced their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Stephens raised Amerant Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler increased their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.40.

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.