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

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends reports. Shareholders 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 1.46%. The ex-dividend date of this dividend is Thursday, November 14th.

Amerant Bancorp has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 2.5 %

Shares of AMTB stock opened at $24.61 on Tuesday. The stock has a 50-day moving average of $21.13 and a 200-day moving average of $21.81. The company has a current ratio of 1.01, a quick ratio of 0.89 and a debt-to-equity ratio of 1.18. The stock has a market cap of $822.71 million, a price-to-earnings ratio of -16.68 and a beta of 0.99. Amerant Bancorp has a 1-year low of $18.54 and a 1-year high of $27.00.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The company had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities research analysts forecast that Amerant Bancorp will post 1.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stephens raised Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $25.00 in a research report on Monday, September 30th. Keefe, Bruyette & Woods dropped their price target on 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. Raymond James reduced their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Piper Sandler increased their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Janney Montgomery Scott downgraded shares of Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.