Amerant Bancorp (AMTB) Projected to Post Quarterly Earnings on Wednesday

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

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB traded up $0.30 during midday trading on Thursday, hitting $19.74. 87,067 shares of the stock traded hands, compared to its average volume of 203,279. The firm has a 50-day moving average of $18.00 and a two-hundred day moving average of $19.91. The firm has a market capitalization of $825.70 million, a P/E ratio of -34.55 and a beta of 1.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp has a one year low of $16.21 and a one year high of $27.00.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.09 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. Amerant Bancorp's dividend payout ratio is currently -60.00%.

Hedge Funds Weigh In On Amerant Bancorp

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of Amerant Bancorp by 83.0% during the 1st quarter. AQR Capital Management LLC now owns 22,594 shares of the company's stock worth $466,000 after acquiring an additional 10,249 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Amerant Bancorp by 6.3% during 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 worth $1,898,000 after acquiring an additional 5,434 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Amerant Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company's stock worth $454,000 after acquiring an additional 963 shares in the last quarter. 42.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMTB shares. Stephens reaffirmed an "overweight" rating and issued a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Raymond James Financial lowered Amerant Bancorp from an "outperform" rating to a "market perform" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a report on Friday, April 25th. 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 $24.60.

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.