Amerant Bancorp (NASDAQ:AMTB) Posts Earnings Results

Amerant Bancorp (NASDAQ:AMTB) released its quarterly earnings results on Wednesday. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07), Zacks reports. Amerant Bancorp had a return on equity of 7.79% and a net margin of 3.51%. During the same quarter in the prior year, the company earned $0.24 EPS.

Amerant Bancorp Trading Down 7.4 %

Shares of Amerant Bancorp stock traded down $1.79 during trading on Friday, hitting $22.48. The stock had a trading volume of 218,796 shares, compared to its average volume of 106,198. The stock has a 50 day simple moving average of $22.77 and a 200 day simple moving average of $22.53. The company has a market capitalization of $758.03 million, a PE ratio of 35.69 and a beta of 1.01. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.18. Amerant Bancorp has a 1 year low of $16.63 and a 1 year high of $27.00.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, August 15th. Amerant Bancorp’s dividend payout ratio (DPR) is currently 52.94%.

Analyst Ratings Changes

A number of research firms recently commented on AMTB. Keefe, Bruyette & Woods dropped 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 report on Friday, May 3rd. Janney Montgomery Scott downgraded shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Friday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.60.

Insider Transactions at Amerant Bancorp

In other news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total value of $239,296.98. Following the transaction, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at $225,317.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 shares were 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 $225,317.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Armando Fleitas sold 6,240 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $22.59, for a total transaction of $140,961.60. Following the transaction, the chief accounting officer now directly owns 5,594 shares in the company, valued at $126,368.46. The disclosure for this sale can be found here. 13.49% of the stock is currently owned by insiders.

About Amerant Bancorp

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.