American Century Companies Inc. Sells 33,314 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

American Century Companies Inc. reduced its holdings in Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,660 shares of the company's stock after selling 33,314 shares during the period. American Century Companies Inc. owned about 0.87% of Amerant Bancorp worth $8,194,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Amerant Bancorp by 74.1% in the third quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company's stock worth $120,585,000 after purchasing an additional 2,401,027 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in Amerant Bancorp in the 4th quarter valued at approximately $5,327,000. Allspring Global Investments Holdings LLC lifted its position in Amerant Bancorp by 47.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock worth $10,745,000 after buying an additional 154,466 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Amerant Bancorp during the 3rd quarter valued at $2,658,000. Finally, Geode Capital Management LLC boosted its stake in shares of Amerant Bancorp by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 734,376 shares of the company's stock valued at $15,697,000 after buying an additional 87,696 shares during the period. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Amerant Bancorp Stock Down 2.3 %

NASDAQ:AMTB traded down $0.41 during trading hours on Tuesday, reaching $17.24. The company's stock had a trading volume of 210,506 shares, compared to its average volume of 176,575. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The company has a market cap of $722.70 million, a price-to-earnings ratio of -30.25 and a beta of 1.05. Amerant Bancorp Inc. has a one year low of $16.55 and a one year high of $27.00. The business's 50-day moving average is $21.73 and its 200-day moving average is $22.23.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.09%. Amerant Bancorp's dividend payout ratio (DPR) is presently -63.16%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMTB shares. Stephens reiterated an "overweight" rating and set a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on Amerant Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.