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

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends 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 1.48%. The ex-dividend date of this dividend is Thursday, November 14th.

Amerant Bancorp has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Amerant Bancorp to earn $2.03 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 17.7%.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $24.30 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $21.18 and a 200 day moving average price of $21.83. Amerant Bancorp has a 12-month low of $18.54 and a 12-month high of $27.00. The stock has a market cap of $812.35 million, a P/E ratio of 18.36 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The business had revenue of ($999.00) million during the quarter, compared to the consensus estimate of $99.39 million. During the same quarter last year, the firm earned $0.64 EPS. Sell-side analysts anticipate that Amerant Bancorp will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Janney Montgomery Scott lowered Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Friday, July 26th. Raymond James lowered their target price 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. Keefe, Bruyette & Woods reduced 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. Piper Sandler increased 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, Stephens upgraded shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $24.00 to $25.00 in a report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Amerant Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.60.

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.