Amerant Bancorp Inc. (AMTB) to Issue Quarterly Dividend of $0.09 on May 30th

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.09 per share on Thursday, May 30th. This represents a $0.36 annualized dividend and a yield of 1.68%. The ex-dividend date is Tuesday, May 14th.

Amerant Bancorp has a payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.49 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 14.5%.

Amerant Bancorp Trading Down 2.9 %

NASDAQ AMTB traded down $0.64 on Friday, hitting $21.44. The company’s stock had a trading volume of 71,645 shares, compared to its average volume of 85,691. Amerant Bancorp has a 52-week low of $15.79 and a 52-week high of $26.13. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.08. The company’s 50-day simple moving average is $21.96 and its 200 day simple moving average is $21.87. The firm has a market cap of $720.38 million, a P/E ratio of 31.74 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $101.29 million during the quarter, compared to analysts’ expectations of $91.52 million. Amerant Bancorp had a return on equity of 7.68% and a net margin of 5.11%. Research analysts predict that Amerant Bancorp will post 1.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Amerant Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Raymond James lifted their target price on Amerant Bancorp from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Amerant Bancorp in a report on Friday, January 26th.

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.