UBS Group AG lifted its stake in shares of Amerant Bancorp Inc. (NYSE:AMTB – Free Report) by 35.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 130,932 shares of the company’s stock after buying an additional 33,935 shares during the period. UBS Group AG’s holdings in Amerant Bancorp were worth $2,554,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in shares of Amerant Bancorp by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company’s stock worth $2,807,000 after buying an additional 500 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Amerant Bancorp by 11.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after buying an additional 526 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Amerant Bancorp by 1.8% in the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock worth $653,000 after buying an additional 617 shares in the last quarter. EJF Capital LLC lifted its stake in shares of Amerant Bancorp by 3.5% in the third quarter. EJF Capital LLC now owns 26,031 shares of the company’s stock worth $502,000 after buying an additional 873 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Amerant Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock worth $454,000 after buying an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods increased their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings upgraded shares of Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.67.
Amerant Bancorp Stock Up 1.9%
Shares of Amerant Bancorp stock opened at $22.88 on Wednesday. The company has a market cap of $900.33 million, a price-to-earnings ratio of 16.23 and a beta of 0.90. The company’s 50 day moving average is $22.67 and its 200 day moving average is $21.22. Amerant Bancorp Inc. has a twelve month low of $15.62 and a twelve month high of $24.38. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90.
Amerant Bancorp (NYSE:AMTB – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $177.94 million for the quarter, compared to the consensus estimate of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. Research analysts anticipate that Amerant Bancorp Inc. will post 1.76 EPS for the current year.
Amerant Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. Amerant Bancorp’s dividend payout ratio is currently 25.53%.
About Amerant Bancorp
Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.
Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.
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