Amerant Bancorp (AMTB) to Release Quarterly Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) will likely be posting its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Amerant Bancorp to post earnings of $0.40 per share and revenue of $101.91 million for the quarter.

Amerant Bancorp Trading Down 1.5 %

NASDAQ AMTB opened at $18.33 on Tuesday. Amerant Bancorp has a 1-year low of $16.55 and a 1-year high of $27.00. The firm’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $22.06. 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 capitalization of $768.39 million, a PE ratio of -32.16 and a beta of 1.05.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.09 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.96%. Amerant Bancorp’s dividend payout ratio is currently -63.16%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMTB. Stephens restated an “overweight” rating and set a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on shares of Amerant Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.