Amerant Bancorp (AMTB) Projected to Post Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.38 per share and revenue of $103.38 million for the quarter.

Amerant Bancorp Trading Up 0.2%

Shares of AMTB stock traded up $0.04 during trading hours on Friday, hitting $19.89. 268,460 shares of the company were exchanged, compared to its average volume of 203,830. The firm has a market cap of $832.10 million, a P/E ratio of -34.90 and a beta of 1.31. Amerant Bancorp has a fifty-two week low of $16.21 and a fifty-two week high of $27.00. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The company has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $19.88.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, May 15th. Amerant Bancorp's payout ratio is currently -60.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stephens restated an "overweight" rating and set a $24.00 price objective on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Raymond James Financial cut Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $24.60.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMTB. AQR Capital Management LLC boosted its stake in Amerant Bancorp by 83.0% in the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company's stock worth $466,000 after buying an additional 10,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Amerant Bancorp by 4.6% during the first 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Amerant Bancorp by 6.3% during the first 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 in the last quarter. Hedge funds and other institutional investors own 42.11% of the company's stock.

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.