Amerant Bancorp (AMTB) Projected to Post Quarterly Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) is expected to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Amerant Bancorp to post earnings of $0.38 per share and revenue of $100,680.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a positive return on equity of 5.73% and a negative net margin of 8.38%. The company had revenue of ($999.00) million for the quarter, compared to analyst estimates of $99.39 million. During the same period in the previous year, the firm earned $0.64 earnings per share. On average, analysts expect Amerant Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amerant Bancorp Price Performance

AMTB stock opened at $22.25 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a market cap of $936.74 million, a price-to-earnings ratio of -15.03 and a beta of 1.03. The company’s fifty day simple moving average is $23.41 and its 200 day simple moving average is $22.28. Amerant Bancorp has a 12-month low of $18.54 and a 12-month high of $27.00.

Amerant Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Thursday, November 14th. Amerant Bancorp’s dividend payout ratio (DPR) is -24.32%.

Analyst Upgrades and Downgrades

AMTB has been the subject of several research reports. Stephens restated an “overweight” rating and issued a $29.00 target price on shares of Amerant Bancorp in a research note on Friday, January 3rd. Raymond James lowered their price objective on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler upped their target price on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Amerant Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.20.

Amerant Bancorp Company Profile

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.