Amerant Bancorp Inc. (NYSE:AMTB) Shares Set to Pay Quarterly Dividend of $0.09

Key Points

• Amerant Bancorp declared a quarterly dividend of $0.09 per share, payable November 27 to shareholders of record on November 13. The annualized dividend is $0.36 per share, yielding approximately 1.2%.
• The dividend appears well covered, with a current payout ratio of 15.3% and an estimated future payout ratio of 12.8% based on projected earnings.
• Amerant reported quarterly earnings of $0.65 per share, exceeding analysts’ $0.57 estimate, although revenue of $90.46 million fell short of the $103.35 million consensus forecast. Analysts maintain a “Moderate Buy” consensus with an average price target of $27.75.

Amerant Bancorp Inc. (NYSE:AMTB - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 13th will be given a dividend of $0.09 per share on Friday, November 27th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th.

Amerant Bancorp has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amerant Bancorp to earn $2.81 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 12.8%.

Amerant Bancorp Stock Performance

Shares of NYSE AMTB opened at $29.70 on Friday. The stock's fifty day simple moving average is $29.11 and its 200 day simple moving average is $26.27. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 21.37 and a beta of 0.82. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $30.60.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%. The company had revenue of $90.46 million for the quarter, compared to analyst estimates of $103.35 million. As a group, sell-side analysts forecast that Amerant Bancorp will post 2.20 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMTB has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Amerant Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Amerant Bancorp from $26.00 to $31.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Stephens lowered shares of Amerant Bancorp from an "overweight" rating to an "equal weight" rating and set a $32.00 price objective on the stock. in a research report on Wednesday, August 12th. Finally, Zacks Research cut shares of Amerant Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 24th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amerant Bancorp presently has an average rating of "Moderate Buy" and an average target price of $27.75.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a regional financial institution headquartered in Coral Gables, Florida. Through its banking subsidiary, the company provides financial products and services to consumers, businesses and institutions, with a primary focus on markets in Florida and Texas.

Amerant Bank offers deposit accounts, consumer and commercial loans, residential mortgages, home equity products, credit cards and treasury management services. It also provides wealth management and investment services, along with digital banking tools that allow customers to manage accounts, transfer funds and make payments online and through mobile devices.

The company traces its origins to 1970, when it was established as Commercebank.

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