Amerant Bancorp Inc. (AMTB) To Go Ex-Dividend on May 15th

Amerant Bancorp Inc. (NYSE:AMTB) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Friday, May 15th will be paid a dividend of 0.09 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th.

Amerant Bancorp has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.68 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 13.4%.

Amerant Bancorp Stock Performance

NYSE:AMTB opened at $23.13 on Friday. The stock has a market capitalization of $930.64 million, a P/E ratio of 19.20 and a beta of 0.93. The firm has a 50 day moving average of $22.26 and a 200-day moving average of $20.46. Amerant Bancorp has a 1 year low of $15.62 and a 1 year high of $24.38. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.86.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $97.66 million for the quarter, compared to analysts’ expectations of $102.56 million. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%. As a group, sell-side analysts anticipate that Amerant Bancorp will post 2.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Odilon Almeida purchased 4,816 shares of the stock in a transaction dated Tuesday, January 27th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the acquisition, the director owned 5,316 shares of the company’s stock, valued at approximately $111,582.84. This represents a 963.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amerant Bancorp

Several hedge funds have recently added to or reduced their stakes in AMTB. Tudor Investment Corp ET AL raised its position in Amerant Bancorp by 411.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 90,367 shares of the company’s stock worth $1,741,000 after purchasing an additional 72,709 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Amerant Bancorp by 171.5% in the third quarter. JPMorgan Chase & Co. now owns 222,940 shares of the company’s stock valued at $4,296,000 after purchasing an additional 140,833 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Amerant Bancorp in the 3rd quarter worth about $810,000. Daytona Street Capital LLC purchased a new position in Amerant Bancorp in the fourth quarter worth $231,000. Finally, Legato Capital Management LLC bought a new stake in Amerant Bancorp in the fourth quarter worth about $964,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

About Amerant Bancorp

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.