Legal & General Group Plc Acquires 2,003 Shares of Amerant Bancorp Inc. (NASDAQ:AMTB)

Legal & General Group Plc lifted its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 6.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,606 shares of the company’s stock after acquiring an additional 2,003 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of Amerant Bancorp worth $708,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMTB. Geode Capital Management LLC grew its position in Amerant Bancorp by 13.6% in the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock worth $15,697,000 after acquiring an additional 87,696 shares in the last quarter. Barclays PLC increased its stake in shares of Amerant Bancorp by 121.2% in the 3rd quarter. Barclays PLC now owns 67,916 shares of the company’s stock worth $1,452,000 after acquiring an additional 37,208 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Amerant Bancorp by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock valued at $497,000 after acquiring an additional 1,705 shares during the period. SG Americas Securities LLC boosted its stake in Amerant Bancorp by 50.5% during the fourth quarter. SG Americas Securities LLC now owns 23,467 shares of the company’s stock worth $526,000 after acquiring an additional 7,877 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Amerant Bancorp by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company’s stock valued at $10,745,000 after purchasing an additional 154,466 shares in the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMTB shares. Stephens reiterated an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Raymond James lowered Amerant Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Amerant Bancorp has an average rating of “Hold” and a consensus price target of $25.60.

Amerant Bancorp Price Performance

Shares of NASDAQ:AMTB opened at $16.96 on Tuesday. The business has a 50-day simple moving average of $20.17 and a two-hundred day simple moving average of $21.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market cap of $710.96 million, a price-to-earnings ratio of -29.75 and a beta of 1.05. Amerant Bancorp Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $27.00.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, May 15th. Amerant Bancorp’s dividend payout ratio is currently -60.00%.

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.