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

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

Amerant Bancorp has increased its dividend payment by an average of 81.7% per year over the last three years. Amerant Bancorp has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 1.7 %

NASDAQ:AMTB opened at $22.35 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The company has a market cap of $941.07 million, a PE ratio of 17.09 and a beta of 1.03. Amerant Bancorp has a 52-week low of $18.54 and a 52-week high of $27.00. The stock has a 50-day simple moving average of $23.38 and a 200 day simple moving average of $22.29.

Amerant Bancorp (NASDAQ:AMTB) last issued its quarterly 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. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. The firm had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, sell-side analysts expect that Amerant Bancorp will post 1.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Piper Sandler increased their price target on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Stephens reissued an “overweight” rating and set a $29.00 price target on shares of Amerant Bancorp in a research report on Friday, January 3rd. Raymond James reduced their price target 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, Keefe, Bruyette & Woods increased their price target on Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Two 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.20.

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.