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

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.09 per share on Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 14th.

Amerant Bancorp has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Amerant Bancorp to earn $2.03 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 17.7%.

Amerant Bancorp Trading Down 0.5 %

NASDAQ AMTB opened at $24.30 on Wednesday. Amerant Bancorp has a 52 week low of $18.54 and a 52 week high of $27.00. The firm has a 50 day moving average of $21.18 and a two-hundred day moving average of $21.83. 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 stock has a market capitalization of $812.35 million, a PE ratio of 18.36 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB) last issued its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of ($999.00) million during the quarter, compared to the consensus estimate of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, research analysts expect that Amerant Bancorp will post 1.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Janney Montgomery Scott downgraded 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. Raymond James lowered their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods cut their price target on shares of 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. Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $24.00 to $25.00 in a research report on Monday, September 30th. Finally, Piper Sandler raised their price objective on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Amerant Bancorp presently has an average rating of “Moderate Buy” and an average price target of $25.60.

About Amerant Bancorp

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.