Amerant Bancorp (AMTB) to Release Quarterly Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) is scheduled to release its earnings data after the market closes on Wednesday, July 24th. Analysts expect Amerant Bancorp to post earnings of $0.34 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB) last released its earnings results on Thursday, April 25th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The business had revenue of $92.46 million for the quarter, compared to analysts’ expectations of $91.76 million. Amerant Bancorp had a net margin of 3.51% and a return on equity of 7.65%. During the same period last year, the firm earned $0.59 EPS. On average, analysts expect Amerant Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amerant Bancorp Price Performance

NASDAQ AMTB opened at $26.23 on Tuesday. The company has a 50 day simple moving average of $22.62 and a 200-day simple moving average of $22.48. Amerant Bancorp has a 52-week low of $16.63 and a 52-week high of $26.99. The firm has a market capitalization of $884.48 million, a price-to-earnings ratio of 38.57 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.96 and a quick ratio of 0.95.

Amerant Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. Amerant Bancorp’s payout ratio is 52.94%.

Analysts Set New Price Targets

AMTB has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their price target on shares of Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Janney Montgomery Scott started coverage on Amerant Bancorp in a research report on Tuesday, June 18th. They issued a “buy” rating and a $25.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.60.

Insiders Place Their Bets

In other news, COO Carlos Iafigliola sold 10,579 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total transaction of $239,296.98. Following the completion of the sale, the chief operating officer now owns 9,961 shares in the company, valued at approximately $225,317.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Armando Fleitas sold 6,240 shares of Amerant Bancorp stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $22.59, for a total value of $140,961.60. Following the transaction, the chief accounting officer now owns 5,594 shares in the company, valued at approximately $126,368.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Carlos Iafigliola sold 10,579 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.62, for a total transaction of $239,296.98. Following the transaction, the chief operating officer now directly owns 9,961 shares of the company’s stock, valued at approximately $225,317.82. The disclosure for this sale can be found here. Company insiders own 13.49% of the company’s stock.

Amerant Bancorp Company Profile

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.