Amerant Bancorp (NASDAQ:AMTB – Get Free Report) 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
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.
View Our Latest Stock Report on AMTB
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.
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