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

Amerant Bancorp (NASDAQ:AMTB) posted its quarterly earnings data on Wednesday. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. The firm had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. During the same quarter last year, the company earned $0.64 EPS.

Amerant Bancorp Price Performance

AMTB traded up $0.22 on Friday, reaching $20.88. The stock had a trading volume of 225,922 shares, compared to its average volume of 125,890. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $703.99 million, a price-to-earnings ratio of 30.71 and a beta of 0.99. Amerant Bancorp has a fifty-two week low of $17.39 and a fifty-two week high of $27.00. The firm has a 50-day moving average of $20.99 and a 200-day moving average of $21.78.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, November 14th. Amerant Bancorp’s dividend payout ratio (DPR) is 52.94%.

Analyst Upgrades and Downgrades

Several research firms have commented on AMTB. Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $24.00 to $25.00 in a report on Monday, September 30th. Raymond James lowered their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods decreased their price target on 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. Janney Montgomery Scott cut Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a report on Friday, July 26th. Finally, Piper Sandler lifted their target price on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.