Amerant Bancorp Inc. $AMTB Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Amerant Bancorp Inc. (NASDAQ:AMTB) by 33.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,907 shares of the company’s stock after selling 186,776 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.87% of Amerant Bancorp worth $7,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Amerant Bancorp by 0.3% during the second quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock worth $15,602,000 after acquiring an additional 2,929 shares during the period. Endeavour Capital Advisors Inc. raised its stake in shares of Amerant Bancorp by 6.5% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 391,671 shares of the company’s stock worth $7,140,000 after buying an additional 23,827 shares during the last quarter. Mendon Capital Advisors Corp increased its stake in shares of Amerant Bancorp by 1.9% during the 1st quarter. Mendon Capital Advisors Corp now owns 374,290 shares of the company’s stock worth $7,725,000 after purchasing an additional 6,961 shares in the last quarter. Peregrine Capital Management LLC raised its position in shares of Amerant Bancorp by 9.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 246,297 shares of the company’s stock worth $4,490,000 after purchasing an additional 20,954 shares during the last quarter. Finally, CSM Advisors LLC acquired a new stake in shares of Amerant Bancorp during the second quarter valued at $3,898,000. 42.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMTB. Keefe, Bruyette & Woods dropped their target price on Amerant Bancorp from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Piper Sandler cut their price target on shares of Amerant Bancorp from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Raymond James Financial set a $21.00 price objective on Amerant Bancorp and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.75.

Amerant Bancorp Stock Down 0.6%

NASDAQ:AMTB opened at $20.40 on Wednesday. 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 company has a market capitalization of $841.74 million, a price-to-earnings ratio of -35.79 and a beta of 1.03. Amerant Bancorp Inc. has a one year low of $15.62 and a one year high of $24.40. The stock has a 50-day simple moving average of $18.88 and a 200 day simple moving average of $19.35.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, November 14th. This represents a $0.36 annualized dividend and a yield of 1.8%. Amerant Bancorp’s dividend payout ratio (DPR) is 22.78%.

Amerant Bancorp Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.