Amerant Bancorp Inc. (AMTB) to Issue Quarterly Dividend of $0.09 on November 29th

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.09 per share on Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, November 14th.

Amerant Bancorp has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Amerant Bancorp to earn $2.00 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 18.0%.

Amerant Bancorp Trading Up 1.9 %

NASDAQ:AMTB opened at $20.66 on Friday. Amerant Bancorp has a one year low of $16.90 and a one year high of $27.00. The business has a fifty day moving average price of $20.99 and a 200-day moving average price of $21.79. The firm has a market capitalization of $696.57 million, a price-to-earnings ratio of 30.38 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.89.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). Amerant Bancorp had a net margin of 3.15% and a return on equity of 7.78%. The business had revenue of $98.78 million for the quarter, compared to the consensus estimate of $93.19 million. During the same period in the prior year, the business earned $0.24 earnings per share. Sell-side analysts forecast that Amerant Bancorp will post 1.15 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on AMTB. Keefe, Bruyette & Woods decreased their price target on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. Raymond James reduced their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Piper Sandler raised shares of Amerant Bancorp from a “neutral” rating to an “overweight” rating and increased their target price for the company from $26.00 to $26.50 in a research note on Monday, September 30th. Janney Montgomery Scott downgraded shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Friday, July 26th. Finally, Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $24.00 to $25.00 in a research note on Monday, September 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.10.

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.