Allspring Global Investments Holdings LLC Acquires 154,466 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Allspring Global Investments Holdings LLC lifted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 479,466 shares of the company's stock after buying an additional 154,466 shares during the period. Allspring Global Investments Holdings LLC owned about 1.14% of Amerant Bancorp worth $10,745,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Amerant Bancorp during the third quarter valued at about $65,000. US Bancorp DE boosted its holdings in Amerant Bancorp by 655.8% during the 3rd quarter. US Bancorp DE now owns 3,212 shares of the company's stock valued at $69,000 after acquiring an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Amerant Bancorp by 74.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,017 shares of the company's stock worth $193,000 after purchasing an additional 3,845 shares during the period. Quadrature Capital Ltd bought a new stake in Amerant Bancorp in the third quarter valued at approximately $247,000. Finally, Creative Planning boosted 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 valued at $256,000 after purchasing an additional 850 shares during the period. Institutional investors own 42.11% of the company's stock.

Wall Street Analysts Forecast Growth

AMTB has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Stephens reiterated an "overweight" rating and set a $29.00 target price on shares of Amerant Bancorp in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Amerant Bancorp Trading Down 4.0 %

Shares of AMTB traded down $0.96 during trading hours on Friday, reaching $22.70. 208,476 shares of the company traded hands, compared to its average volume of 194,682. Amerant Bancorp Inc. has a 12 month low of $18.54 and a 12 month high of $27.00. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company's fifty day moving average price is $22.72 and its two-hundred day moving average price is $22.21. The company has a market capitalization of $955.64 million, a price-to-earnings ratio of -39.82 and a beta of 1.02.

Amerant Bancorp Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.59%. Amerant Bancorp's dividend payout ratio (DPR) is -63.16%.

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.