Barclays PLC Has $1.45 Million Holdings in Amerant Bancorp Inc. (NASDAQ:AMTB)

Barclays PLC raised its position in shares of Amerant Bancorp Inc. (NASDAQ:AMTB) by 121.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 67,916 shares of the company’s stock after acquiring an additional 37,208 shares during the period. Barclays PLC’s holdings in Amerant Bancorp were worth $1,452,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its position in Amerant Bancorp by 74.1% during the 3rd quarter. Wellington Management Group LLP now owns 5,642,703 shares of the company’s stock worth $120,585,000 after acquiring an additional 2,401,027 shares during the last quarter. State Street Corp boosted its stake in Amerant Bancorp by 8.2% in the third quarter. State Street Corp now owns 807,835 shares of the company’s stock worth $17,263,000 after purchasing an additional 61,056 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Amerant Bancorp during the third quarter worth $247,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Amerant Bancorp during the third quarter worth $13,613,000. Finally, Jacobs Asset Management LLC acquired a new stake in shares of Amerant Bancorp in the third quarter valued at $2,564,000. Institutional investors own 42.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James reduced their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler raised their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Stephens raised Amerant Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $24.00 to $25.00 in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Amerant Bancorp Stock Performance

Amerant Bancorp stock opened at $22.33 on Friday. The company has a market cap of $940.27 million, a PE ratio of -15.09 and a beta of 1.01. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 1 year low of $18.54 and a 1 year high of $27.00. The company’s 50-day moving average is $23.48 and its two-hundred day moving average is $22.29.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The business had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. During the same period in the prior year, the business posted $0.64 earnings per share. Equities analysts anticipate that Amerant Bancorp Inc. will post 1.22 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.61%. Amerant Bancorp’s dividend payout ratio is currently -24.32%.

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.