Amerant Bancorp (AMTB) to Release Quarterly Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) is anticipated to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Amerant Bancorp to post earnings of $0.38 per share and revenue of $100,680.00 billion for the quarter.

Amerant Bancorp (NASDAQ:AMTB) last released its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The business had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, analysts expect Amerant Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amerant Bancorp Stock Up 3.4 %

AMTB stock traded up $0.72 during mid-day trading on Wednesday, reaching $22.03. The company had a trading volume of 126,381 shares, compared to its average volume of 174,442. Amerant Bancorp has a 52 week low of $18.54 and a 52 week high of $27.00. The company has a market capitalization of $927.64 million, a price-to-earnings ratio of -14.89 and a beta of 1.03. 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 stock has a 50 day simple moving average of $23.53 and a two-hundred day simple moving average of $22.30.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a $0.09 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.63%. Amerant Bancorp’s dividend payout ratio is presently -24.32%.

Wall Street Analysts Forecast Growth

AMTB has been the subject of a number of recent analyst reports. Stephens reiterated an “overweight” rating and issued a $29.00 price target on shares of Amerant Bancorp in a research note on Friday, January 3rd. Piper Sandler raised their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Raymond James reduced their price target on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average price target of $27.20.

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.