Amerant Bancorp (NASDAQ:AMTB – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. The company had revenue of ($999.00) million during the quarter, compared to analyst estimates of $99.39 million. During the same quarter last year, the firm posted $0.64 earnings per share.
Amerant Bancorp Price Performance
NASDAQ AMTB traded up $0.22 during trading hours on Friday, reaching $20.88. The company’s stock had a trading volume of 225,920 shares, compared to its average volume of 125,890. The firm’s 50-day moving average price is $20.99 and its 200-day moving average price is $21.79. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. Amerant Bancorp has a 1 year low of $17.39 and a 1 year high of $27.00. The company has a market capitalization of $698.02 million, a price-to-earnings ratio of 33.74 and a beta of 0.99.
Amerant Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a $0.09 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.72%. Amerant Bancorp’s dividend payout ratio is presently 59.02%.
Analysts Set New Price Targets
Get Our Latest Analysis on AMTB
Amerant Bancorp Company Profile
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.
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