Amerant Bancorp Inc. (AMTB) to Issue Quarterly Dividend of $0.09 on November 27th

Amerant Bancorp Inc. (NYSE:AMTB) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 13th will be paid a dividend of $0.09 per share on Friday, November 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th.

Amerant Bancorp has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.90 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 12.4%.

Amerant Bancorp Price Performance

Shares of NYSE AMTB opened at $30.19 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 17.87 and a beta of 0.80. The firm’s 50 day simple moving average is $29.38 and its 200-day simple moving average is $25.42. Amerant Bancorp has a 12 month low of $16.81 and a 12 month high of $31.00.

Amerant Bancorp (NYSE:AMTB) last posted its earnings results on Thursday, October 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. The firm had revenue of $108.80 million during the quarter, compared to analysts’ expectations of $103.35 million. Amerant Bancorp had a net margin of 10.63% and a return on equity of 9.57%. Analysts expect that Amerant Bancorp will post 2.24 EPS for the current year.

Amerant Bancorp Company Profile

Amerant Bancorp Inc. is a bank holding company whose principal subsidiary, Amerant Bank, N.A., provides commercial and consumer banking services. Its offerings include deposit accounts, business and personal loans, treasury management, and wealth management services. The company serves individuals, businesses, and other organizations, with a presence in Florida and Texas. Its banking activities also serve clients with international ties, including customers in Latin America. Amerant adopted its current name in 2018, when its former parent company, Mercantil Bank Holding Corporation, rebranded as Amerant Bancorp and its bank subsidiary became Amerant Bank.