Amerant Bancorp Inc. (NASDAQ:AMTB) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Amerant Bancorp Inc. (NASDAQ:AMTB - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,520,384 shares of the company's stock after selling 122,319 shares during the quarter. Wellington Management Group LLP owned approximately 13.17% of Amerant Bancorp worth $123,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Amerant Bancorp by 588.2% during the fourth quarter. JPMorgan Chase & Co. now owns 160,088 shares of the company's stock worth $3,588,000 after purchasing an additional 136,827 shares in the last quarter. Corebridge Financial Inc. lifted its holdings in Amerant Bancorp by 16.2% during the 4th quarter. Corebridge Financial Inc. now owns 18,410 shares of the company's stock worth $413,000 after buying an additional 2,560 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Amerant Bancorp by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 2,096,580 shares of the company's stock worth $46,984,000 after acquiring an additional 87,136 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Amerant Bancorp in the 4th quarter valued at about $148,000. Finally, Sei Investments Co. raised its position in shares of Amerant Bancorp by 749.1% during the 4th quarter. Sei Investments Co. now owns 130,453 shares of the company's stock worth $2,923,000 after acquiring an additional 115,090 shares in the last quarter. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMTB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on Amerant Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Stephens restated an "overweight" rating and set a $29.00 price objective on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB traded up $0.30 during trading hours on Tuesday, reaching $17.95. The stock had a trading volume of 35,350 shares, compared to its average volume of 175,544. The firm has a 50-day moving average of $21.97 and a 200-day moving average of $22.30. The firm has a market cap of $752.25 million, a price-to-earnings ratio of -31.48 and a beta of 1.05. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a fifty-two week low of $16.55 and a fifty-two week high of $27.00.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, February 14th. Amerant Bancorp's payout ratio is currently -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.