Amerant Bancorp Inc. (AMTB) to Distribute Quarterly Dividend of $0.09 on August 28th

Amerant Bancorp Inc. (NYSE:AMTB) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 14th will be given a dividend of 0.09 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th.

Amerant Bancorp has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.13 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 16.9%.

Amerant Bancorp Price Performance

Shares of AMTB traded up $2.19 during mid-day trading on Friday, hitting $28.04. The company’s stock had a trading volume of 643,021 shares, compared to its average volume of 286,093. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.85. The firm has a 50-day moving average price of $24.08 and a 200 day moving average price of $22.79. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $28.52. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 19.88 and a beta of 0.88.

Amerant Bancorp (NYSE:AMTB) last released its earnings results on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. The business had revenue of $98.81 million during the quarter, compared to analyst estimates of $98.64 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. On average, research analysts predict that Amerant Bancorp will post 1.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMTB shares. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings cut Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, Zacks Research raised Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.