Amerant Bancorp (NYSE:AMTB) Sets New 52-Week High After Earnings Beat

Amerant Bancorp Inc. (NYSE:AMTB)’s stock price reached a new 52-week high during trading on Friday following a stronger than expected earnings report. The stock traded as high as $28.17 and last traded at $27.0370, with a volume of 157099 shares. The stock had previously closed at $25.85.

The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.14. The company had revenue of $98.81 million during the quarter, compared to analyst estimates of $98.64 million. Amerant Bancorp had a return on equity of 8.26% and a net margin of 8.83%.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, August 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Amerant Bancorp’s dividend payout ratio is 25.53%.

More Amerant Bancorp News

Here are the key news stories impacting Amerant Bancorp this week:

• Positive Sentiment: Zacks Research upgraded Amerant Bancorp from hold to strong-buy, which can support sentiment by signaling improving analyst confidence in the stock. Zacks.com
• Positive Sentiment: The company reported Q2 earnings of $0.53 per share, beating Wall Street expectations and topping the consensus estimate of $0.41; revenue also came in slightly ahead of forecasts at $98.81 million. Amerant Bancorp Inc. (AMTB) Tops Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Amerant Bancorp also declared a quarterly dividend of $0.09 per share, reinforcing its shareholder-return profile, though the payout is modest and unlikely to be the main stock driver. Dividend announcement
• Neutral Sentiment: Additional coverage noted that investors were focusing on key operating metrics from the earnings release, but the main takeaway remains the earnings beat. Amerant Bancorp (AMTB) Reports Q2 Earnings: What Key Metrics Have to Say

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings lowered shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amerant Bancorp has a consensus rating of “Moderate Buy” and an average price target of $23.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL increased its position in Amerant Bancorp by 411.8% during the third quarter. Tudor Investment Corp ET AL now owns 90,367 shares of the company’s stock worth $1,741,000 after buying an additional 72,709 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Amerant Bancorp by 171.5% in the third quarter. JPMorgan Chase & Co. now owns 222,940 shares of the company’s stock valued at $4,296,000 after acquiring an additional 140,833 shares during the last quarter. UBS Group AG grew its holdings in shares of Amerant Bancorp by 35.0% during the 4th quarter. UBS Group AG now owns 130,932 shares of the company’s stock worth $2,554,000 after purchasing an additional 33,935 shares during the period. Vanguard Group Inc. increased its position in shares of Amerant Bancorp by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock worth $47,311,000 after acquiring an additional 206,874 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Amerant Bancorp in the fourth quarter worth about $611,000. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Stock Up 10.0%

The firm’s 50 day moving average price is $24.20 and its two-hundred day moving average price is $22.83. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.12 billion, a PE ratio of 20.45 and a beta of 0.88.

Amerant Bancorp Company Profile

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.