Amerant Bancorp Inc. (AMTB) To Go Ex-Dividend on November 14th

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends reports. Investors of record on Thursday, November 14th will be given a dividend of 0.09 per share on Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 14th.

Amerant Bancorp has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amerant Bancorp to earn $2.03 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 17.7%.

Amerant Bancorp Stock Performance

AMTB opened at $24.61 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.89. The business has a fifty day simple moving average of $21.13 and a 200 day simple moving average of $21.81. Amerant Bancorp has a 1 year low of $18.54 and a 1 year high of $27.00. The company has a market capitalization of $822.71 million, a PE ratio of -16.68 and a beta of 0.99.

Amerant Bancorp (NASDAQ:AMTB) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The company had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. Research analysts expect that Amerant Bancorp will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMTB. Raymond James cut their price target on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Janney Montgomery Scott cut Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Friday, July 26th. Piper Sandler increased their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut their price target on shares of Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a report on Monday, July 29th. Finally, Stephens raised shares of Amerant Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $24.00 to $25.00 in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Amerant Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

Amerant Bancorp Company Profile

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.