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

Key Points

• Amerant declared a quarterly dividend of $0.09 per share (annualized $0.36) with an ex‑dividend/record date of May 15 and payment on May 29, implying a yield of about 1.5%.
• The dividend is well covered (current payout ratio 15.3%, expected to fall to ~13.4% on $2.68 projected EPS); shares trade around $24 with a $965M market cap, recent EPS of $0.44 beat consensus by $0.01, and analysts hold a consensus “Moderate Buy” rating with a $23.75 price target.

Amerant Bancorp Inc. (NYSE:AMTB - Get Free Report) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Friday, May 15th will be paid a dividend of 0.09 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 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 $2.68 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 13.4%.

Amerant Bancorp Price Performance

Shares of NYSE:AMTB opened at $24.00 on Friday. The company has a market cap of $965.32 million, a price-to-earnings ratio of 19.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $22.26 and a 200 day simple moving average of $20.46. Amerant Bancorp has a one year low of $15.62 and a one year high of $24.38.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $97.66 million during the quarter, compared to the consensus estimate of $102.56 million. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%. Research analysts predict that Amerant Bancorp will post 2.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMTB has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a research note on Wednesday, January 28th. Piper Sandler raised their price target on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 26th. Raymond James Financial raised their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amerant Bancorp in a research note on Friday, March 27th. Finally, Zacks Research raised shares of Amerant Bancorp from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.75.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.

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