Amerant Bancorp (AMTB) to Release Quarterly Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) will likely be releasing its earnings data after the market closes on Wednesday, July 23rd. Analysts expect Amerant Bancorp to post earnings of $0.38 per share and revenue of $103.38 million for the quarter.

Amerant Bancorp Trading Down 3.7%

Shares of AMTB stock opened at $19.27 on Wednesday. The stock’s fifty day moving average is $17.95 and its two-hundred day moving average is $19.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market capitalization of $806.04 million, a P/E ratio of -33.81 and a beta of 1.31. Amerant Bancorp has a fifty-two week low of $16.21 and a fifty-two week high of $27.00.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, May 15th. Amerant Bancorp’s dividend payout ratio (DPR) is presently -60.00%.

Wall Street Analyst Weigh In

AMTB has been the subject of several research reports. Raymond James Financial downgraded Amerant Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target price on Amerant Bancorp from $24.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Amerant Bancorp in a research report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Amerant Bancorp has an average rating of “Hold” and a consensus price target of $24.60.

Hedge Funds Weigh In On Amerant Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Amerant Bancorp by 6.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company’s stock worth $1,898,000 after buying an additional 5,434 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Amerant Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock worth $454,000 after purchasing an additional 963 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Amerant Bancorp by 83.0% during the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock worth $466,000 after purchasing an additional 10,249 shares during the last quarter. 42.11% of the stock is owned by institutional investors and hedge funds.

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.