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

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.09 per share on Thursday, May 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, May 14th.

Amerant Bancorp has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.49 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 14.5%.

Amerant Bancorp Stock Down 2.9 %

AMTB stock traded down $0.64 during trading hours on Friday, reaching $21.44. 71,645 shares of the stock were exchanged, compared to its average volume of 85,691. The firm’s 50-day moving average is $21.96 and its 200-day moving average is $21.87. Amerant Bancorp has a 12 month low of $15.79 and a 12 month high of $26.13. The company has a market cap of $720.38 million, a price-to-earnings ratio of 31.74 and a beta of 0.99. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.96 and a quick ratio of 0.91.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $101.29 million during the quarter, compared to the consensus estimate of $91.52 million. Amerant Bancorp had a net margin of 5.11% and a return on equity of 7.68%. On average, equities research analysts expect that Amerant Bancorp will post 1.72 earnings per share for the current year.

Wall Street Analyst Weigh In

AMTB has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $25.00 price target on shares of Amerant Bancorp in a report on Friday, January 26th. Keefe, Bruyette & Woods boosted their target price on Amerant Bancorp from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Finally, Raymond James raised their price target on Amerant Bancorp from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, January 26th.

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.