Amerant Bancorp (NASDAQ:AMTB – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. The firm had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. During the same quarter in the prior year, the company posted $0.64 earnings per share.
Amerant Bancorp Price Performance
NASDAQ:AMTB traded up $0.18 during trading hours on Friday, reaching $20.84. 58,037 shares of the company traded hands, compared to its average volume of 125,079. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.97 and a quick ratio of 0.89. The firm’s 50-day moving average is $20.99 and its 200-day moving average is $21.79. The stock has a market cap of $696.68 million, a P/E ratio of 33.74 and a beta of 0.99. Amerant Bancorp has a 1-year low of $17.39 and a 1-year high of $27.00.
Amerant Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.73%. Amerant Bancorp’s dividend payout ratio is currently 59.02%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on AMTB
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.
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