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

Amerant Bancorp Inc. (NYSE:AMTB) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, May 15th will be paid a dividend of 0.09 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th.

Amerant Bancorp has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amerant Bancorp to earn $2.68 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 13.4%.

Amerant Bancorp Stock Up 1.5%

Shares of NYSE AMTB opened at $24.00 on Friday. The stock has a market capitalization of $965.32 million, a P/E ratio of 19.20 and a beta of 0.93. The company has a 50-day moving average price of $22.26 and a 200-day moving average price of $20.46. Amerant Bancorp has a 1 year low of $15.62 and a 1 year high of $24.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.91.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $97.66 million during the quarter, compared to analysts’ expectations of $102.56 million. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%. On average, equities research analysts forecast that Amerant Bancorp will post 2.05 EPS for the current fiscal year.

Amerant Bancorp Company Profile

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.