Amerant Bancorp Inc. (AMTB) to Issue Quarterly Dividend of $0.09 on February 28th

Amerant Bancorp Inc. (NASDAQ:AMTB) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.09 per share on Friday, February 28th. This represents a $0.36 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, February 14th.

Amerant Bancorp has raised its dividend by an average of 81.7% annually over the last three years. Amerant Bancorp has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Research 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 $23.92 on Wednesday. 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 company has a market capitalization of $1.01 billion, a P/E ratio of 16.91 and a beta of 1.02. The company’s 50 day moving average price is $22.96 and its two-hundred day moving average price is $22.10. Amerant Bancorp has a 52 week low of $18.54 and a 52 week high of $27.00.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMTB. Stephens reiterated an “overweight” rating and issued a $29.00 price objective on shares of Amerant Bancorp in a report on Thursday, January 23rd. Piper Sandler lifted their price objective on shares of Amerant Bancorp from $26.50 to $29.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Amerant Bancorp has an average rating of “Moderate Buy” and an average price target of $27.00.

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.