American Century Companies Inc. Sells 81,574 Shares of Amerant Bancorp Inc. $AMTB

American Century Companies Inc. lowered its stake in Amerant Bancorp Inc. (NASDAQ:AMTB) by 22.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,086 shares of the company’s stock after selling 81,574 shares during the quarter. American Century Companies Inc. owned approximately 0.68% of Amerant Bancorp worth $5,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Amerant Bancorp by 160.4% in the 1st quarter. GAMMA Investing LLC now owns 1,211 shares of the company’s stock worth $25,000 after purchasing an additional 746 shares during the period. CWM LLC boosted its position in shares of Amerant Bancorp by 241.0% during the 1st quarter. CWM LLC now owns 1,579 shares of the company’s stock valued at $33,000 after acquiring an additional 1,116 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Amerant Bancorp during the 4th quarter valued at about $199,000. ProShare Advisors LLC bought a new stake in shares of Amerant Bancorp during the 4th quarter valued at about $234,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Amerant Bancorp by 77.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,544 shares of the company’s stock valued at $236,000 after acquiring an additional 4,589 shares during the last quarter. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Trading Up 0.4%

AMTB stock opened at $21.53 on Friday. The company has a market capitalization of $898.69 million, a PE ratio of -37.76 and a beta of 1.37. Amerant Bancorp Inc. has a one year low of $16.21 and a one year high of $26.24. The company’s 50 day moving average price is $19.53 and its two-hundred day moving average price is $19.41. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. Amerant Bancorp’s dividend payout ratio (DPR) is -180.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMTB. Keefe, Bruyette & Woods lifted their price target on Amerant Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 28th. Piper Sandler lifted their price target on Amerant Bancorp from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.25.

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.