Amerant Bancorp Inc. (AMTB) To Go Ex-Dividend on May 15th

Amerant Bancorp Inc. (NYSE:AMTBGet Free Report) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Friday, May 15th will be given a dividend of 0.09 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th.

Amerant Bancorp has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amerant Bancorp to earn $2.03 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 17.7%.

Amerant Bancorp Trading Down 0.4%

NYSE AMTB opened at $22.99 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. The firm has a market cap of $904.65 million, a PE ratio of 16.30 and a beta of 0.90. Amerant Bancorp has a one year low of $15.62 and a one year high of $24.38. The firm’s fifty day moving average is $22.44 and its two-hundred day moving average is $20.84.

Amerant Bancorp (NYSE:AMTBGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $97.66 million for the quarter, compared to analyst estimates of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. Analysts expect that Amerant Bancorp will post 1.76 earnings per share for the current year.

Amerant Bancorp Company Profile

(Get Free Report)

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.

See Also

Dividend History for Amerant Bancorp (NYSE:AMTB)

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