Wellington Management Group LLP Reduces Stock Holdings in Amerant Bancorp Inc. $AMTB

Wellington Management Group LLP reduced its stake in shares of Amerant Bancorp Inc. (NYSE:AMTB) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,392,594 shares of the company’s stock after selling 137,752 shares during the quarter. Wellington Management Group LLP owned approximately 0.14% of Amerant Bancorp worth $137,619,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Amerant Bancorp by 149.2% in the first quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock worth $56,000 after buying an additional 1,511 shares during the period. State of Wyoming bought a new position in shares of Amerant Bancorp in the 4th quarter worth approximately $78,000. Tower Research Capital LLC TRC lifted its stake in shares of Amerant Bancorp by 11.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after purchasing an additional 526 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Amerant Bancorp in the 2nd quarter valued at approximately $129,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Amerant Bancorp during the third quarter valued at approximately $143,000. 42.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research raised Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Amerant Bancorp from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Stephens lowered shares of Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a research note on Wednesday, August 12th. Finally, Weiss Ratings cut shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.75.

Amerant Bancorp Stock Performance

Amerant Bancorp stock opened at $28.66 on Tuesday. Amerant Bancorp Inc. has a twelve month low of $15.62 and a twelve month high of $30.60. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1.12 billion, a P/E ratio of 20.62 and a beta of 0.87. The stock’s 50 day moving average is $27.44 and its 200 day moving average is $24.26.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%.The business had revenue of $183.31 million during the quarter, compared to analysts’ expectations of $98.64 million. On average, equities research analysts predict that Amerant Bancorp Inc. will post 2.22 earnings per share for the current fiscal year.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Amerant Bancorp’s payout ratio is currently 25.90%.

Amerant Bancorp Company Profile

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.