Amerant Bancorp (NYSE:AMTB) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Amerant Bancorp (NYSE:AMTB) posted its quarterly earnings results on Thursday. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14, FiscalAI reports. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. The company had revenue of $98.81 million for the quarter, compared to analysts’ expectations of $98.64 million.

Amerant Bancorp Price Performance

AMTB stock opened at $25.81 on Friday. The firm has a 50 day moving average of $24.08 and a 200-day moving average of $22.79. The firm has a market capitalization of $1.02 billion, a P/E ratio of 18.31 and a beta of 0.88. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $26.66. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.90.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. Amerant Bancorp’s dividend payout ratio (DPR) is 25.53%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMTB shares. Weiss Ratings lowered Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Zacks Research raised Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

Institutional Trading of Amerant Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of AMTB. State of Wyoming bought a new position in Amerant Bancorp in the 4th quarter valued at $78,000. Tower Research Capital LLC TRC increased its holdings in shares of Amerant Bancorp by 11.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after purchasing an additional 526 shares during the period. Raymond James Financial Inc. bought a new position in shares of Amerant Bancorp in the second quarter worth $129,000. Aquatic Capital Management LLC purchased a new stake in shares of Amerant Bancorp in the third quarter worth $143,000. Finally, BNP Paribas Financial Markets raised its position in shares of Amerant Bancorp by 60.5% in the third quarter. BNP Paribas Financial Markets now owns 7,476 shares of the company’s stock worth $144,000 after buying an additional 2,819 shares in the last quarter. 42.11% of the stock is currently owned by hedge funds and other institutional investors.

About Amerant Bancorp

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.