Amerant Bancorp Inc. (NASDAQ:AMTB) Plans $0.09 Quarterly Dividend

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.09 per share on Friday, February 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, February 14th.

Amerant Bancorp has raised its dividend by an average of 81.7% annually over the last three years. Amerant Bancorp has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.56 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 14.1%.

Amerant Bancorp Trading Up 3.1 %

AMTB stock opened at $23.92 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The company has a fifty day moving average price of $22.96 and a two-hundred day moving average price of $22.10. Amerant Bancorp has a one year low of $18.54 and a one year high of $27.00. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 16.91 and a beta of 1.02.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stephens reaffirmed an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a research report on Thursday, January 23rd. Piper Sandler lifted their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.