Invesco Ltd. Has $1.16 Million Stock Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

Invesco Ltd. lessened its holdings in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,907 shares of the company’s stock after selling 2,357 shares during the quarter. Invesco Ltd. owned approximately 0.12% of Amerant Bancorp worth $1,163,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in 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 during the period. JPMorgan Chase & Co. increased its position in shares of Amerant Bancorp by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company’s stock valued at $497,000 after purchasing an additional 1,705 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Amerant Bancorp by 50.5% during the 4th 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 during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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. Finally, Rhumbline Advisers lifted its holdings in shares of Amerant Bancorp by 14.1% during the fourth quarter. Rhumbline Advisers now owns 53,809 shares of the company’s stock valued at $1,206,000 after acquiring an additional 6,664 shares during the period. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Stock Up 0.5 %

NASDAQ:AMTB opened at $16.92 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The stock has a market cap of $709.29 million, a price-to-earnings ratio of -29.68 and a beta of 1.05. The stock has a 50-day moving average price of $19.81 and a two-hundred day moving average price of $21.90. Amerant Bancorp Inc. has a 1 year low of $16.21 and a 1 year high of $27.00.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.36 annualized dividend and a dividend yield of 2.13%. Amerant Bancorp’s dividend payout ratio is currently -60.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMTB shares. Raymond James lowered Amerant Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 24th. Stephens reiterated an “overweight” rating and set a $24.00 price target on shares of Amerant Bancorp in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $24.60.

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.