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

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.09 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, February 13th.

Amerant Bancorp has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

NASDAQ AMTB traded down $0.12 during trading hours on Friday, hitting $22.09. 48,351 shares of the stock were exchanged, compared to its average volume of 236,109. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market cap of $911.57 million, a price-to-earnings ratio of -38.76 and a beta of 1.03. Amerant Bancorp has a 12-month low of $15.62 and a 12-month high of $24.30. The stock has a 50-day moving average of $19.70 and a 200 day moving average of $19.53.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.