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

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.09 per share on Friday, February 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.61%.

Amerant Bancorp has increased its dividend by an average of 81.7% per year over the last three years. Amerant Bancorp has a payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Amerant Bancorp to earn $2.06 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 17.5%.

Amerant Bancorp Trading Down 1.7 %

Shares of Amerant Bancorp stock traded down $0.38 during trading hours on Wednesday, reaching $22.35. The stock had a trading volume of 227,476 shares, compared to its average volume of 173,497. The firm has a 50 day simple moving average of $23.38 and a two-hundred day simple moving average of $22.29. The firm has a market capitalization of $941.03 million, a price-to-earnings ratio of -15.10 and a beta of 1.03. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp has a 1 year low of $18.54 and a 1 year high of $27.00.

Amerant Bancorp (NASDAQ:AMTB) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of ($999.00) million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.64 EPS. As a group, equities research analysts anticipate that Amerant Bancorp will post 1.19 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler lifted their target price on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Raymond James reduced their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Finally, Stephens restated an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.20.

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.