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

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.09 per share on Thursday, May 30th. This represents a $0.36 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, May 14th.

Amerant Bancorp has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.49 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 14.5%.

Amerant Bancorp Stock Performance

NASDAQ:AMTB traded down $0.50 during trading hours on Friday, hitting $21.58. 71,436 shares of the company were exchanged, compared to its average volume of 85,688. The stock has a market capitalization of $725.09 million, a price-to-earnings ratio of 13.69 and a beta of 0.99. Amerant Bancorp has a 52-week low of $15.79 and a 52-week high of $26.13. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.96 and a quick ratio of 0.91. The company’s 50 day moving average price is $21.96 and its 200-day moving average price is $21.87.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $101.29 million for the quarter, compared to the consensus estimate of $91.52 million. Amerant Bancorp had a net margin of 5.11% and a return on equity of 7.68%. As a group, research analysts forecast that Amerant Bancorp will post 1.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Amerant Bancorp in a report on Friday, January 26th. Raymond James upped their price objective on shares of Amerant Bancorp from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Amerant Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, January 26th.

About Amerant Bancorp

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.