Amerant Bancorp (AMTB) to Release Quarterly Earnings on Thursday

Amerant Bancorp (NASDAQ:AMTB) is expected to be issuing its results before the market opens on Thursday, October 23rd. Analysts expect the company to announce earnings of $0.51 per share and revenue of $110.50 million for the quarter.

Amerant Bancorp Price Performance

Shares of Amerant Bancorp stock opened at $18.44 on Tuesday. The stock has a market cap of $769.64 million, a price-to-earnings ratio of -32.34 and a beta of 1.30. 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 stock has a 50 day moving average price of $20.13 and a 200-day moving average price of $18.90. Amerant Bancorp has a one year low of $16.21 and a one year high of $26.24.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.09 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.0%. Amerant Bancorp’s payout ratio is -180.00%.

Wall Street Analysts Forecast Growth

AMTB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Amerant Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, July 28th. Piper Sandler boosted their price objective on Amerant Bancorp from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Amerant Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Institutional Investors Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of AMTB. Tower Research Capital LLC TRC raised its position in Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after purchasing an additional 526 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Amerant Bancorp during the 2nd quarter valued at $129,000. Walleye Capital LLC bought a new stake in Amerant Bancorp during the 2nd quarter valued at $215,000. Prudential Financial Inc. bought a new stake in Amerant Bancorp during the 2nd quarter valued at $275,000. Finally, Quantbot Technologies LP raised its position in Amerant Bancorp by 195.2% during the 2nd quarter. Quantbot Technologies LP now owns 17,724 shares of the company’s stock valued at $323,000 after purchasing an additional 11,720 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

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.