Amerant Bancorp (NASDAQ:AMTB) Posts Earnings Results, Beats Estimates By $0.04 EPS

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04, Zacks reports. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. The firm had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. During the same quarter last year, the company earned $0.64 EPS.

Amerant Bancorp Price Performance

AMTB traded up $0.22 on Friday, reaching $20.88. The stock had a trading volume of 225,920 shares, compared to its average volume of 125,890. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $703.99 million, a price-to-earnings ratio of 30.71 and a beta of 0.99. Amerant Bancorp has a fifty-two week low of $17.39 and a fifty-two week high of $27.00. The firm has a 50-day moving average of $20.99 and a 200-day moving average of $21.78.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, November 14th. Amerant Bancorp's dividend payout ratio (DPR) is 52.94%.

Analyst Upgrades and Downgrades

AMTB has been the subject of several analyst reports. Raymond James dropped their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Stephens upgraded Amerant Bancorp from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $24.00 to $25.00 in a research note on Monday, September 30th. Piper Sandler lifted their price target on Amerant Bancorp from $26.50 to $29.00 and gave the company an "overweight" rating in a research note on Friday. Keefe, Bruyette & Woods dropped their price objective on Amerant Bancorp from $26.00 to $24.00 and set a "market perform" rating for the company in a research report on Monday, July 29th. Finally, Janney Montgomery Scott downgraded Amerant Bancorp from a "buy" rating to a "neutral" rating and set a $25.00 target price for the company. in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.