Amerant Bancorp (AMTB) Projected to Post Quarterly Earnings on Thursday

Amerant Bancorp (NASDAQ:AMTB) is anticipated to post its results after the market closes on Thursday, January 22nd. Analysts expect Amerant Bancorp to post earnings of $0.50 per share and revenue of $108.06 million for the quarter.

Amerant Bancorp Trading Down 1.1%

Shares of AMTB opened at $20.77 on Tuesday. Amerant Bancorp has a twelve month low of $15.62 and a twelve month high of $24.40. The stock has a market cap of $857.14 million, a PE ratio of -36.44 and a beta of 1.03. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $19.49 and its 200-day moving average price is $19.49.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a $0.09 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.36 annualized dividend and a yield of 1.7%. Amerant Bancorp’s dividend payout ratio is currently 22.78%.

Institutional Trading of Amerant Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after acquiring an additional 526 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Amerant Bancorp in the 2nd quarter worth $129,000. Aquatic Capital Management LLC bought a new stake in Amerant Bancorp in the third quarter worth $143,000. BNP Paribas Financial Markets boosted its position in Amerant Bancorp by 60.5% during the third quarter. BNP Paribas Financial Markets now owns 7,476 shares of the company’s stock valued at $144,000 after buying an additional 2,819 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of Amerant Bancorp in the 2nd quarter valued at about $215,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Wall Street Analyst Weigh In

AMTB has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Amerant Bancorp from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Raymond James Financial upped their target price on Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Finally, Piper Sandler lowered their price target on Amerant Bancorp from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

About Amerant Bancorp

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.