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

Key Points

• Amerant Bancorp Inc. has declared a quarterly dividend of $0.09 per share, set to be paid on November 28th to shareholders of record by November 14th.
• The company has a healthy dividend payout ratio of 15.3%, indicating that its dividend is well covered by earnings, with an anticipated earnings per share of $2.56 for next year.
• As of the latest trading day, Amerant Bancorp's stock price opened at $17.48 after a decline of 4.7%, with a market capitalization of approximately $729.94 million.

Amerant Bancorp Inc. (NASDAQ:AMTB - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Friday, November 14th will be given a dividend of 0.09 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th.

Amerant Bancorp has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. 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 Down 4.7%

AMTB stock opened at $17.48 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.94. The company has a fifty day moving average price of $20.04 and a two-hundred day moving average price of $18.89. Amerant Bancorp has a one year low of $16.21 and a one year high of $26.24. The stock has a market cap of $729.94 million, a price-to-earnings ratio of -30.67 and a beta of 1.30.

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.

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