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

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.09 per share on Friday, February 28th. This represents a $0.36 dividend on an annualized basis 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. Equities 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

AMTB opened at $23.45 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $987.48 million, a P/E ratio of 16.35 and a beta of 1.03. The stock has a 50-day moving average price of $23.35 and a 200-day moving average price of $22.29. Amerant Bancorp has a 12-month low of $18.54 and a 12-month high of $27.00.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on AMTB shares. Raymond James decreased their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler lifted their price objective on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their target price on Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens reaffirmed an “overweight” rating and issued a $29.00 price target on shares of Amerant Bancorp in a research note on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Amerant Bancorp has an average 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.