Amerant Bancorp (NASDAQ:AMTB – Get Free Report) 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
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.
Read Our Latest Research Report on Amerant Bancorp
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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