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

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 13th will be given a dividend of 0.09 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, February 13th.

Amerant Bancorp has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.56 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 14.1%.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock opened at $22.24 on Friday. The stock has a market capitalization of $917.55 million, a P/E ratio of -39.01 and a beta of 1.03. The business has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $19.53. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $24.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.

Institutional Trading of Amerant Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of AMTB. Wellington Management Group LLP lifted its holdings in Amerant Bancorp by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,732,375 shares of the company’s stock worth $110,463,000 after buying an additional 19,426 shares in the last quarter. Patriot Financial Partners GP II L.P. acquired a new stake in shares of Amerant Bancorp in the third quarter valued at $44,621,000. Vanguard Group Inc. raised its stake in shares of Amerant Bancorp by 2.9% in the third quarter. Vanguard Group Inc. now owns 2,218,070 shares of the company’s stock valued at $42,742,000 after acquiring an additional 61,504 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Amerant Bancorp by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,335,719 shares of the company’s stock valued at $25,740,000 after purchasing an additional 25,149 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Amerant Bancorp by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock worth $15,602,000 after purchasing an additional 2,929 shares during the period. 42.11% of the stock is owned by institutional investors and hedge funds.

About Amerant Bancorp

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.