Amerant Bancorp (NYSE:AMTB – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.39 by $0.14, FiscalAI reports. The firm had revenue of $98.81 million for the quarter, compared to the consensus estimate of $98.64 million. Amerant Bancorp had a return on equity of 8.26% and a net margin of 8.83%.
Amerant Bancorp Stock Performance
Shares of NYSE AMTB opened at $28.43 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of 20.45 and a beta of 0.88. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $28.63. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. The firm’s fifty day moving average is $24.20 and its two-hundred day moving average is $22.83.
Amerant Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. Amerant Bancorp’s dividend payout ratio (DPR) is presently 25.53%.
Amerant Bancorp News Roundup
- Positive Sentiment: Zacks Research upgraded Amerant Bancorp from hold to strong-buy, which can support sentiment by signaling improving analyst confidence in the stock. Zacks.com
- Positive Sentiment: The company reported Q2 earnings of $0.53 per share, beating Wall Street expectations and topping the consensus estimate of $0.41; revenue also came in slightly ahead of forecasts at $98.81 million. Amerant Bancorp Inc. (AMTB) Tops Q2 Earnings and Revenue Estimates
- Neutral Sentiment: Amerant Bancorp also declared a quarterly dividend of $0.09 per share, reinforcing its shareholder-return profile, though the payout is modest and unlikely to be the main stock driver. Dividend announcement
- Neutral Sentiment: Additional coverage noted that investors were focusing on key operating metrics from the earnings release, but the main takeaway remains the earnings beat. Amerant Bancorp (AMTB) Reports Q2 Earnings: What Key Metrics Have to Say
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Weiss Ratings lowered shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Zacks Research upgraded shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Amerant Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.
View Our Latest Report on AMTB
Institutional Investors Weigh In On Amerant Bancorp
A number of hedge funds have recently made changes to their positions in AMTB. State of Wyoming purchased a new position in Amerant Bancorp during the 4th quarter valued at approximately $78,000. Tower Research Capital LLC TRC grew its holdings in shares of Amerant Bancorp by 11.8% in the second 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. purchased a new position in shares of Amerant Bancorp in the second quarter valued at $129,000. Aquatic Capital Management LLC bought a new stake in Amerant Bancorp in the third quarter worth $143,000. Finally, BNP Paribas Financial Markets raised its stake 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 purchasing an additional 2,819 shares in the last quarter. 42.11% of the stock is currently owned by hedge funds and other institutional investors.
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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