Amerant Bancorp Inc. (AMTB) To Go Ex-Dividend on November 14th

Amerant Bancorp Inc. (NASDAQ:AMTB) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.09 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 14th.

Amerant Bancorp has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Amerant Bancorp to earn $2.56 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 14.1%.

Amerant Bancorp Stock Performance

Shares of AMTB stock opened at $17.03 on Friday. The company’s fifty day simple moving average is $19.97 and its 200-day simple moving average is $18.89. Amerant Bancorp has a 52 week low of $16.21 and a 52 week high of $26.24. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. The company has a market cap of $710.86 million, a PE ratio of -29.87 and a beta of 1.30.

Analyst Ratings Changes

AMTB has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Amerant Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, July 28th. Piper Sandler reaffirmed an “overweight” rating and set a $26.00 price target on shares of Amerant Bancorp in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.