Amerant Bancorp (AMTB) Expected to Announce Quarterly Earnings on Thursday

Amerant Bancorp (NASDAQ:AMTB) is expected to post its results after the market closes on Thursday, January 22nd. Analysts expect Amerant Bancorp to post earnings of $0.50 per share and revenue of $108.06 million for the quarter.

Amerant Bancorp Price Performance

NASDAQ:AMTB opened at $20.43 on Thursday. The company has a 50-day moving average of $19.27 and a 200-day moving average of $19.45. The company has a market capitalization of $843.02 million, a price-to-earnings ratio of -35.84 and a beta of 1.03. Amerant Bancorp has a 52 week low of $15.62 and a 52 week high of $24.40. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, November 14th. Amerant Bancorp’s dividend payout ratio is 22.78%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMTB shares. Piper Sandler cut their price target on shares of Amerant Bancorp from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods cut their price objective on Amerant Bancorp from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Raymond James Financial increased their price target on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Amerant Bancorp presently has an average rating of “Moderate Buy” and an average price target of $22.25.

Institutional Trading of Amerant Bancorp

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after purchasing an additional 526 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Amerant Bancorp during the 2nd quarter worth about $129,000. Aquatic Capital Management LLC acquired a new position in shares of Amerant Bancorp during the 3rd quarter worth about $143,000. BNP Paribas Financial Markets boosted its stake in shares of Amerant Bancorp by 60.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,476 shares of the company’s stock worth $144,000 after buying an additional 2,819 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Amerant Bancorp in the 2nd quarter valued at about $215,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.