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

Amerant Bancorp Inc. (NASDAQ:AMTB - Get Free Report) announced a quarterly dividend on Wednesday, July 23rd, RTT News reports. Investors of record on Friday, August 15th will be paid a dividend of 0.09 per share on Friday, August 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, August 15th.

Amerant Bancorp has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.56 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 14.1%.

Amerant Bancorp Trading Up 0.2%

Shares of Amerant Bancorp stock traded up $0.04 on Friday, hitting $20.28. 240,217 shares of the company traded hands, compared to its average volume of 199,632. 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 company has a market cap of $848.33 million, a PE ratio of -35.58 and a beta of 1.31. The stock's 50 day moving average price is $18.28 and its 200-day moving average price is $19.82. Amerant Bancorp has a 52 week low of $16.21 and a 52 week high of $26.24.

Analysts Set New Price Targets

Several brokerages have weighed in on AMTB. Stephens reiterated 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 downgraded 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 objective on shares of Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a research note 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. Based on data from MarketBeat.com, Amerant Bancorp has an average rating of "Hold" and an average price target of $24.60.

Institutional Trading of Amerant Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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, AQR Capital Management LLC raised 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. Institutional investors own 42.11% of the company's stock.

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.