Amerant Bancorp Inc. (NASDAQ:AMTB – Get Free Report) announced a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Investors of record on Thursday, August 15th will be given a dividend of 0.09 per share on Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, August 15th.
Amerant Bancorp has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Amerant Bancorp to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 15.4%.
Amerant Bancorp Stock Down 8.4 %
Shares of AMTB stock traded down $2.21 during trading hours on Thursday, reaching $24.16. 218,502 shares of the stock were exchanged, compared to its average volume of 104,778. The business’s fifty day moving average is $22.75 and its two-hundred day moving average is $22.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.96 and a quick ratio of 0.95. Amerant Bancorp has a 12-month low of $16.63 and a 12-month high of $27.00. The firm has a market capitalization of $814.58 million, a P/E ratio of 36.79 and a beta of 1.01.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AMTB shares. Janney Montgomery Scott started coverage on shares of Amerant Bancorp in a research report on Tuesday, June 18th. They set a “buy” rating and a $25.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.60.
Check Out Our Latest Research Report on AMTB
Insider Activity
In related news, COO Carlos Iafigliola sold 10,579 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total transaction of $239,296.98. Following the transaction, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Armando Fleitas sold 6,240 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $22.59, for a total value of $140,961.60. Following the completion of the sale, the chief accounting officer now directly owns 5,594 shares in the company, valued at approximately $126,368.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Carlos Iafigliola sold 10,579 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total value of $239,296.98. Following the transaction, the chief operating officer now owns 9,961 shares of the company’s stock, valued at $225,317.82. The disclosure for this sale can be found here. Corporate insiders own 13.49% of the company’s stock.
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.
Read More
- Five stocks we like better than Amerant Bancorp
- 3 Monster Growth Stocks to Buy Now
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Upcoming IPO Stock Lockup Period, Explained
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- The How And Why of Investing in Oil Stocks
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Amerant Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerant Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.