Amerant Bancorp Inc. (NYSE:AMTB – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $24.50 and last traded at $24.3140, with a volume of 4611 shares traded. The stock had previously closed at $23.81.
Other analysts have also recently issued reports about the company. Weiss Ratings raised Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Amerant Bancorp currently has an average rating of “Moderate Buy” and an average target price of $23.67.
Get Our Latest Stock Analysis on AMTB
Institutional Investors Weigh In On Amerant Bancorp
Amerant Bancorp Stock Performance
The stock has a 50 day moving average of $23.11 and a 200 day moving average of $22.01. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The firm has a market cap of $980.88 million, a price-to-earnings ratio of 17.68 and a beta of 0.90.
Amerant Bancorp (NYSE:AMTB – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. The firm had revenue of $177.94 million for the quarter, compared to the consensus estimate of $102.56 million. As a group, analysts anticipate that Amerant Bancorp Inc. will post 1.79 EPS for the current fiscal year.
Amerant Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.09 per share. The ex-dividend date was Friday, May 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. Amerant Bancorp’s dividend payout ratio (DPR) is currently 25.53%.
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.
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