Amerant Bancorp Inc. (AMTB) to Issue Quarterly Dividend of $0.09 on November 27th

Amerant Bancorp Inc. (NYSE:AMTB) declared a quarterly dividend on Wednesday, October 21st. Shareholders 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 research 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 AMTB stock opened at $29.99 on Friday. The company’s fifty day moving average price is $29.11 and its 200-day moving average price is $26.27. The stock has a market cap of $1.18 billion, a PE ratio of 21.67 and a beta of 0.82. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.87. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $30.60.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. The company had revenue of $90.46 million during the quarter, compared to analyst estimates of $103.35 million. On average, equities analysts expect that Amerant Bancorp will post 2.20 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMTB. Dimensional Fund Advisors LP increased its holdings in Amerant Bancorp by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company’s stock worth $30,611,000 after buying an additional 133,050 shares in the last quarter. North Reef Capital Management LP purchased a new stake in Amerant Bancorp in the first quarter worth approximately $25,577,000. Sei Investments Co. boosted its holdings in Amerant Bancorp by 25.2% in the first quarter. Sei Investments Co. now owns 198,326 shares of the company’s stock worth $4,371,000 after purchasing an additional 39,971 shares during the last quarter. Empowered Funds LLC grew its position in Amerant Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 164,730 shares of the company’s stock worth $3,631,000 after purchasing an additional 5,492 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Amerant Bancorp by 12.6% during the 1st quarter. Bank of New York Mellon Corp now owns 146,319 shares of the company’s stock valued at $3,225,000 after buying an additional 16,343 shares during the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

About Amerant Bancorp

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.