Amerant Bancorp (NASDAQ:AMTB – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. Amerant Bancorp had a net margin of 3.15% and a return on equity of 7.78%. The company had revenue of ($999.00) million during the quarter, compared to the consensus estimate of $99.39 million. During the same period in the previous year, the firm posted $0.64 EPS.
Amerant Bancorp Trading Up 1.1 %
Shares of AMTB stock traded up $0.22 during mid-day trading on Friday, reaching $20.88. The stock had a trading volume of 225,920 shares, compared to its average volume of 125,890. The stock’s 50-day moving average price is $20.99 and its two-hundred day moving average price is $21.79. Amerant Bancorp has a 52-week low of $17.39 and a 52-week high of $27.00. The firm has a market capitalization of $698.02 million, a PE ratio of 33.74 and a beta of 0.99. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25.
Amerant Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, November 14th. Amerant Bancorp’s payout ratio is 59.02%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on AMTB
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.
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