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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Amerant Bancorp were worth $1,307,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Amerant Bancorp in the second quarter valued at approximately $199,000. Bank of New York Mellon Corp boosted its stake in Amerant Bancorp by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 156,190 shares of the company’s stock valued at $3,546,000 after purchasing an additional 21,318 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Amerant Bancorp by 30.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,172 shares of the company’s stock valued at $117,000 after buying an additional 1,197 shares in the last quarter. Rhumbline Advisers increased its position in Amerant Bancorp by 10.9% during the 2nd quarter. Rhumbline Advisers now owns 46,973 shares of the company’s stock worth $1,066,000 after buying an additional 4,622 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Amerant Bancorp by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 864,437 shares of the company’s stock worth $19,621,000 after buying an additional 72,028 shares in the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

Shares of NASDAQ:AMTB opened at $24.29 on Wednesday. The firm has a 50 day moving average of $23.06 and a 200-day moving average of $22.23. Amerant Bancorp Inc. has a 12 month low of $18.54 and a 12 month 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. The stock has a market capitalization of $1.02 billion, a PE ratio of -16.41 and a beta of 1.01.

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

Amerant Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on AMTB. Stephens upgraded shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $24.00 to $25.00 in a research note on Monday, September 30th. Raymond James decreased their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler raised their price objective 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.40.

Amerant Bancorp Company 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.