Amerant Bancorp (NASDAQ:AMTB) Issues Quarterly Earnings Results

Amerant Bancorp (NASDAQ:AMTB) released its earnings results on Wednesday. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.07), Zacks reports. Amerant Bancorp had a return on equity of 7.79% and a net margin of 3.51%. During the same period in the prior year, the company earned $0.24 earnings per share.

Amerant Bancorp Price Performance

Shares of NASDAQ AMTB traded down $0.68 during mid-day trading on Friday, reaching $23.59. The company’s stock had a trading volume of 14,718 shares, compared to its average volume of 104,771. The firm has a market capitalization of $795.45 million, a PE ratio of 35.69 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. The stock has a fifty day moving average of $22.77 and a two-hundred day moving average of $22.53. Amerant Bancorp has a 52 week low of $16.63 and a 52 week high of $27.00.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, August 15th. Amerant Bancorp’s payout ratio is 52.94%.

Insider Transactions at Amerant Bancorp

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMTB shares. Keefe, Bruyette & Woods decreased their price target on Amerant Bancorp from $28.00 to $26.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Janney Montgomery Scott cut Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Amerant Bancorp currently has a consensus rating of “Hold” and a consensus price target of $25.60.

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.