Amerant Bancorp Inc. to Issue 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 given a dividend of 0.09 per share on Friday, February 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.61%.

Amerant Bancorp has increased 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 traded down $0.38 during mid-day trading on Wednesday, reaching $22.35. 227,476 shares of the company’s stock traded hands, compared to its average volume of 177,190. Amerant Bancorp has a 12 month low of $18.54 and a 12 month high of $27.00. The stock has a market cap of $941.03 million, a P/E ratio of -15.10 and a beta of 1.03. The stock’s 50-day moving average is $23.38 and its two-hundred day moving average is $22.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94.

Amerant Bancorp (NASDAQ:AMTB) last posted its earnings results 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 company had revenue of ($999.00) million during 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 prior year, the business earned $0.64 earnings per share. Research analysts forecast that Amerant Bancorp will post 1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Amerant Bancorp

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.