Amerant Bancorp Inc. (AMTB) to Issue Quarterly Dividend of $0.09 on August 28th

Amerant Bancorp Inc. (NYSE:AMTB) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 14th will be given a dividend of 0.09 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th.

Amerant Bancorp has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 12.8%.

Amerant Bancorp Trading Up 1.2%

NYSE AMTB opened at $29.01 on Wednesday. Amerant Bancorp has a one year low of $15.62 and a one year high of $30.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.84 and a current ratio of 0.86. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.87 and a beta of 0.87. The company’s 50-day simple moving average is $25.86 and its two-hundred day simple moving average is $23.60.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The firm had revenue of $183.31 million for the quarter, compared to the consensus estimate of $98.64 million. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. Equities analysts forecast that Amerant Bancorp will post 2.22 EPS for the current fiscal year.

Institutional Trading of Amerant Bancorp

Several large investors have recently made changes to their positions in AMTB. Patriot Financial Partners GP II L.P. purchased a new position in Amerant Bancorp during the third quarter valued at approximately $44,621,000. North Reef Capital Management LP acquired a new stake in Amerant Bancorp during the first quarter valued at $25,577,000. Millennium Management LLC raised its position in shares of Amerant Bancorp by 756.2% in the third quarter. Millennium Management LLC now owns 437,847 shares of the company’s stock worth $8,437,000 after acquiring an additional 386,710 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Amerant Bancorp during the 4th quarter valued at about $4,153,000. Finally, Vanguard Group Inc. raised its holdings in Amerant Bancorp by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock worth $47,311,000 after purchasing an additional 206,874 shares during the period. 42.11% of the stock is owned by hedge funds and other institutional investors.

About Amerant Bancorp

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.