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

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.09 per share on Thursday, May 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, May 14th.

Amerant Bancorp has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amerant Bancorp to earn $2.49 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 14.5%.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock traded down $0.64 on Friday, hitting $21.44. 71,645 shares of the company traded hands, compared to its average volume of 85,691. Amerant Bancorp has a 12-month low of $15.79 and a 12-month high of $26.13. The firm’s 50-day simple moving average is $21.96 and its 200 day simple moving average is $21.87. The company has a market cap of $720.38 million, a P/E ratio of 31.74 and a beta of 0.99. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.08.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Amerant Bancorp had a return on equity of 7.68% and a net margin of 5.11%. The business had revenue of $101.29 million for the quarter, compared to the consensus estimate of $91.52 million. Analysts expect that Amerant Bancorp will post 1.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMTB shares. Raymond James boosted their target price on Amerant Bancorp from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods upped their price objective on shares of Amerant Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $25.00 target price on shares of Amerant Bancorp in a research report on Friday, January 26th.

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.