Amerant Bancorp (AMTB) Expected to Announce Quarterly Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) is anticipated to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Amerant Bancorp to post earnings of $0.40 per share and revenue of $101.91 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Amerant Bancorp Price Performance

AMTB opened at $18.60 on Monday. The company has a fifty day moving average price of $20.86 and a two-hundred day moving average price of $22.08. The firm has a market capitalization of $779.71 million, a PE ratio of -32.63 and a beta of 1.05. Amerant Bancorp has a 52 week low of $16.55 and a 52 week high of $27.00. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01.

Amerant Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.94%. Amerant Bancorp’s dividend payout ratio is -63.16%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stephens reissued an “overweight” rating and set a $29.00 target price on shares of Amerant Bancorp in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.00.

About Amerant Bancorp

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.