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

Amerant Bancorp Inc. (NYSE:AMTB) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 14th will be given a dividend of 0.09 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th.

Amerant Bancorp has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amerant Bancorp to earn $2.13 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 16.9%.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $25.81 on Friday. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $26.66. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The firm’s fifty day moving average is $24.08 and its 200 day moving average is $22.79. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 18.31 and a beta of 0.88.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. The business had revenue of $98.81 million during the quarter, compared to analysts’ expectations of $98.64 million. Sell-side analysts forecast that Amerant Bancorp will post 1.79 EPS for the current fiscal year.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.