Amerant Bancorp Inc. $AMTB Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB) by 33.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 363,907 shares of the company’s stock after selling 186,776 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Amerant Bancorp were worth $7,012,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in Amerant Bancorp by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock worth $2,807,000 after acquiring an additional 500 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Amerant Bancorp by 11.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after purchasing an additional 526 shares during the last quarter. Legal & General Group Plc boosted its position in Amerant Bancorp by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock valued at $653,000 after purchasing an additional 617 shares during the period. SummerHaven Investment Management LLC increased its position in Amerant Bancorp by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 35,035 shares of the company’s stock worth $639,000 after buying an additional 755 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Amerant Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock valued at $454,000 after buying an additional 963 shares during the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

Analysts Set New Price Targets

AMTB has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of Amerant Bancorp from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Keefe, Bruyette & Woods decreased their target price on shares of Amerant Bancorp from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Raymond James Financial set a $21.00 price target on Amerant Bancorp and gave the company an “outperform” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Amerant Bancorp Trading Down 0.6%

Shares of AMTB stock opened at $20.40 on Wednesday. The stock has a 50-day simple moving average of $18.88 and a 200 day simple moving average of $19.35. The stock has a market capitalization of $841.74 million, a P/E ratio of -35.79 and a beta of 1.03. Amerant Bancorp Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $24.40. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. Amerant Bancorp’s payout ratio is currently 22.78%.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.