Amerant Bancorp (NASDAQ:AMTB) Posts Earnings Results, Beats Expectations By $0.04 EPS

Amerant Bancorp (NASDAQ:AMTB) 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

Several research firms have weighed in on AMTB. Keefe, Bruyette & Woods lowered their price target on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Piper Sandler boosted their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday. Raymond James lowered their price target on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Janney Montgomery Scott downgraded shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, July 26th. Finally, Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $24.00 to $25.00 in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average price target of $25.60.

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.