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

Amerant Bancorp Inc. (NYSE:AMTB) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 13th will be paid a dividend of $0.09 per share on Friday, November 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th.

Amerant Bancorp has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Amerant Bancorp to earn $2.81 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 12.8%.

Amerant Bancorp Trading Up 1.9%

Shares of Amerant Bancorp stock opened at $29.70 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.84. Amerant Bancorp has a 1 year low of $15.62 and a 1 year high of $30.60. The firm has a market cap of $1.16 billion, a PE ratio of 21.37 and a beta of 0.82. The company has a 50 day simple moving average of $29.11 and a two-hundred day simple moving average of $26.27.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. The business had revenue of $90.46 million during the quarter, compared to analyst estimates of $103.35 million. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. Analysts expect that Amerant Bancorp will post 2.20 earnings per share for the current fiscal year.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a regional financial institution headquartered in Coral Gables, Florida. Through its banking subsidiary, the company provides financial products and services to consumers, businesses and institutions, with a primary focus on markets in Florida and Texas.

Amerant Bank offers deposit accounts, consumer and commercial loans, residential mortgages, home equity products, credit cards and treasury management services. It also provides wealth management and investment services, along with digital banking tools that allow customers to manage accounts, transfer funds and make payments online and through mobile devices.

The company traces its origins to 1970, when it was established as Commercebank.