Amerant Bancorp (AMTB) Expected to Announce Earnings on Wednesday

Key Points

• Amerant Bancorp (AMTB) is expected to announce its earnings on October 22nd, with analysts predicting earnings of $0.51 per share and revenue of $110.50 million for the quarter.
• The company recently paid a quarterly dividend of $0.09 per share, with an annualized dividend of $0.36 and a yield of 1.9%, despite a negative payout ratio of -180.00%.
• Analysts have revised their price targets for Amerant Bancorp, with an average target of $24.00 and ratings ranging from "Moderate Buy" to "Overweight" by various research firms.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) is expected to be posting its results before the market opens on Wednesday, October 22nd. Analysts expect Amerant Bancorp to post earnings of $0.51 per share and revenue of $110.50 million for the quarter.

Amerant Bancorp Price Performance

Shares of AMTB opened at $19.07 on Wednesday. The firm has a market cap of $796.15 million, a PE ratio of -33.46 and a beta of 1.30. 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 firm has a fifty day simple moving average of $20.18 and a two-hundred day simple moving average of $18.95. Amerant Bancorp has a 1-year low of $16.21 and a 1-year high of $26.24.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. Amerant Bancorp's payout ratio is presently -180.00%.

Hedge Funds Weigh In On Amerant Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Amerant Bancorp by 83.0% in the 1st quarter. AQR Capital Management LLC now owns 22,594 shares of the company's stock valued at $466,000 after acquiring an additional 10,249 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Amerant Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company's stock valued at $454,000 after acquiring an additional 963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Amerant Bancorp by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company's stock valued at $1,898,000 after acquiring an additional 5,434 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Amerant Bancorp by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 35,819 shares of the company's stock valued at $653,000 after acquiring an additional 617 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Amerant Bancorp in the 2nd quarter valued at about $275,000. 42.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMTB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Amerant Bancorp from $20.00 to $22.00 and gave the stock a "market perform" rating in a report on Monday, July 28th. Piper Sandler upped their target price on shares of Amerant Bancorp from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Amerant Bancorp currently has an average rating of "Moderate Buy" and an average target price of $24.00.

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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