Amerant Bancorp (NASDAQ:AMTB) Announces Earnings Results

Amerant Bancorp (NASDAQ:AMTB) posted its quarterly earnings results on Wednesday. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07), Zacks reports. Amerant Bancorp had a net margin of 3.51% and a return on equity of 7.65%. During the same period in the prior year, the firm earned $0.24 EPS.

Amerant Bancorp Price Performance

Shares of AMTB stock traded down $2.10 during trading hours on Thursday, hitting $24.27. The stock had a trading volume of 307,535 shares, compared to its average volume of 105,405. Amerant Bancorp has a one year low of $16.63 and a one year high of $27.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.96 and a quick ratio of 0.95. The stock’s 50-day moving average price is $22.75 and its two-hundred day moving average price is $22.52. The stock has a market capitalization of $818.29 million, a price-to-earnings ratio of 36.79 and a beta of 1.01.

Amerant Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.48%. Amerant Bancorp’s dividend payout ratio (DPR) is 52.94%.

Insider Transactions at Amerant Bancorp

In other news, COO Carlos Iafigliola sold 10,579 shares of Amerant Bancorp stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total value of $239,296.98. Following the sale, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at $225,317.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amerant Bancorp news, CAO Armando Fleitas sold 6,240 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $22.59, for a total transaction of $140,961.60. Following the sale, the chief accounting officer now directly owns 5,594 shares of the company’s stock, valued at $126,368.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Carlos Iafigliola sold 10,579 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total value of $239,296.98. Following the sale, the chief operating officer now directly owns 9,961 shares in the company, valued at $225,317.82. The disclosure for this sale can be found here. Insiders own 13.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AMTB. Keefe, Bruyette & Woods decreased their price target on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Janney Montgomery Scott began coverage on Amerant Bancorp in a report on Tuesday, June 18th. They set a “buy” rating and a $25.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Amerant Bancorp currently has a consensus rating of “Hold” 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.