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

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

Several other large investors have also recently made changes to their positions in AMTB. Creative Planning increased its stake in shares of 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 during the period. JPMorgan Chase & Co. increased its stake in shares of Amerant Bancorp by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock worth $497,000 after buying an additional 1,705 shares during the period. US Bancorp DE increased its position in shares of Amerant Bancorp by 655.8% in the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company’s stock valued at $69,000 after purchasing an additional 2,787 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Amerant Bancorp in the 3rd quarter valued at approximately $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amerant Bancorp by 74.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company’s stock valued at $193,000 after purchasing an additional 3,845 shares during the last quarter. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Amerant Bancorp Trading Up 0.5 %

NASDAQ AMTB opened at $23.83 on Tuesday. The firm’s fifty day moving average price is $22.80 and its 200 day moving average price is $22.16. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -41.80 and a beta of 1.02. Amerant Bancorp Inc. has a 12 month low of $18.54 and a 12 month 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, February 14th. Amerant Bancorp’s payout ratio is -63.16%.

Analyst Upgrades and Downgrades

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

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.