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

Amerant Bancorp Inc. (NYSE:AMTB) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.09 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th.

Amerant Bancorp has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Amerant Bancorp to earn $2.13 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 16.9%.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $25.81 on Friday. Amerant Bancorp has a 1 year low of $15.62 and a 1 year high of $26.66. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 18.31 and a beta of 0.88. The firm has a 50-day moving average of $24.08 and a two-hundred day moving average of $22.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.85.

Amerant Bancorp (NYSE:AMTB) last posted its earnings results on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $98.81 million for the quarter, compared to the consensus estimate of $98.64 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. On average, research analysts forecast that Amerant Bancorp will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On Amerant Bancorp

Several institutional investors have recently added to or reduced their stakes in AMTB. Royal Bank of Canada boosted its stake in shares of Amerant Bancorp by 149.2% during the 1st quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock worth $56,000 after acquiring an additional 1,511 shares in the last quarter. State of Wyoming purchased a new position in shares of Amerant Bancorp during the 4th quarter worth $78,000. Tower Research Capital LLC TRC boosted its stake in Amerant Bancorp by 11.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after buying an additional 526 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Amerant Bancorp in the second quarter worth approximately $129,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Amerant Bancorp during the 3rd quarter valued at $143,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

About Amerant Bancorp

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.