Amerant Bancorp (NASDAQ:AMTB) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Amerant Bancorp (NASDAQ:AMTB) posted its earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.07), Zacks reports. Amerant Bancorp had a net margin of 3.51% and a return on equity of 7.65%. During the same quarter last year, the company posted $0.24 earnings per share.

Amerant Bancorp Stock Performance

AMTB traded down $2.10 on Thursday, reaching $24.27. The company had a trading volume of 307,535 shares, compared to its average volume of 105,405. Amerant Bancorp has a 1 year low of $16.63 and a 1 year high of $27.00. The stock has a market capitalization of $818.29 million, a PE ratio of 36.79 and a beta of 1.01. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $22.75 and a 200-day moving average price of $22.52.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a $0.09 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. Amerant Bancorp’s dividend payout ratio (DPR) is presently 52.94%.

Insider Activity at Amerant Bancorp

In related news, CAO Armando Fleitas sold 6,240 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $22.59, for a total value of $140,961.60. Following the completion of the sale, the chief accounting officer now directly owns 5,594 shares of the company’s stock, valued at $126,368.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Carlos Iafigliola sold 10,579 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.62, for a total value of $239,296.98. Following the completion of the sale, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at $225,317.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Armando Fleitas sold 6,240 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $22.59, for a total transaction of $140,961.60. Following the completion of the sale, the chief accounting officer now directly owns 5,594 shares of the company’s stock, valued at $126,368.46. The disclosure for this sale can be found here. 13.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMTB. Janney Montgomery Scott began coverage on shares of Amerant Bancorp in a report on Tuesday, June 18th. They issued a “buy” rating and a $25.00 target price for the company. Keefe, Bruyette & Woods dropped their target price on shares of Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Amerant Bancorp presently has an average rating of “Hold” and an average target price of $25.60.

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.