Amerant Bancorp (NASDAQ:AMTB – Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, July 23rd. Analysts expect Amerant Bancorp to post earnings of $0.38 per share and revenue of $103.38 million for the quarter.
Amerant Bancorp Trading Down 3.7%
NASDAQ:AMTB opened at $19.27 on Wednesday. The stock has a fifty day moving average price of $17.95 and a two-hundred day moving average price of $19.92. The stock has a market capitalization of $806.04 million, a price-to-earnings ratio of -33.81 and a beta of 1.31. 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 has a 1 year low of $16.21 and a 1 year high of $27.00.
Amerant Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, May 15th. Amerant Bancorp’s dividend payout ratio (DPR) is -60.00%.
Institutional Trading of Amerant Bancorp
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Stephens reissued an “overweight” rating and issued a $24.00 target price on shares of Amerant Bancorp in a report on Tuesday, April 29th. Keefe, Bruyette & Woods lowered their target price on Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Finally, Raymond James Financial lowered Amerant Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Amerant Bancorp has a consensus rating of “Hold” and an average target price of $24.60.
Read Our Latest Analysis on AMTB
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.
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