Amerant Bancorp Inc. (NYSE:AMTB) Announces Quarterly Dividend of $0.09

Amerant Bancorp Inc. (NYSE:AMTB) declared a quarterly dividend on Wednesday, April 22nd. Shareholders 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 1.5%. The ex-dividend date is Friday, May 15th.

Amerant Bancorp has a payout ratio of 15.3% meaning 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 Trading Up 1.5%

Shares of NYSE AMTB opened at $24.00 on Friday. The firm’s 50 day moving average price is $22.26 and its 200-day moving average price is $20.46. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $24.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $965.32 million, a PE ratio of 19.20 and a beta of 0.93.

Amerant Bancorp (NYSE:AMTB) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%. The company had revenue of $97.66 million during the quarter, compared to the consensus estimate of $102.56 million. On average, equities research analysts expect that Amerant Bancorp will post 2.05 EPS for the current fiscal year.

Amerant Bancorp Company Profile

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.