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

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.09 per share on Friday, February 28th. This represents a $0.36 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, February 14th.

Amerant Bancorp has raised its dividend payment by an average of 81.7% per year over the last three years. Amerant Bancorp has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amerant Bancorp to earn $2.64 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 13.6%.

Amerant Bancorp Price Performance

NASDAQ AMTB opened at $23.45 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market cap of $987.48 million, a PE ratio of 16.35 and a beta of 1.03. Amerant Bancorp has a 52 week low of $18.54 and a 52 week high of $27.00. The firm’s 50-day simple moving average is $23.35 and its two-hundred day simple moving average is $22.29.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of ($999.00) million during the quarter, compared to the consensus estimate of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 6.36%. During the same period last year, the firm earned $0.64 EPS. Research analysts predict that Amerant Bancorp will post 2.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James decreased their price objective on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their price target on shares of Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating and set a $29.00 price objective on shares of Amerant Bancorp in a research note on Thursday. Finally, Piper Sandler increased their target price 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Amerant Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.20.

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.