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

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.09 per share on Friday, February 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.61%.

Amerant Bancorp has raised its dividend payment by an average of 81.7% per year over the last three years. Amerant Bancorp has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amerant Bancorp to earn $2.06 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 17.5%.

Amerant Bancorp Trading Down 1.7 %

Shares of AMTB opened at $22.35 on Thursday. Amerant Bancorp has a 52-week low of $18.54 and a 52-week high of $27.00. The business’s fifty day moving average is $23.38 and its 200-day moving average is $22.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market cap of $941.07 million, a price-to-earnings ratio of 17.09 and a beta of 1.03.

Amerant Bancorp (NASDAQ:AMTB) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. During the same quarter in the previous year, the company posted $0.64 EPS. Equities analysts anticipate that Amerant Bancorp will post 1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stephens restated an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a research report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price objective on Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James reduced their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Piper Sandler upped their price target on Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.20.

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.