Amerant Bancorp (AMTB) Set to Announce Quarterly Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). The business had revenue of $98.78 million during the quarter, compared to the consensus estimate of $93.19 million. Amerant Bancorp had a return on equity of 7.78% and a net margin of 3.15%. During the same period last year, the company earned $0.24 EPS. 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 Stock Performance

NASDAQ AMTB opened at $20.64 on Wednesday. The firm has a market cap of $695.90 million, a price-to-earnings ratio of 30.35 and a beta of 0.99. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $20.82 and a 200-day moving average price of $21.86. Amerant Bancorp has a twelve month low of $16.63 and a twelve month high of $27.00.

Amerant Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, August 15th. Amerant Bancorp’s dividend payout ratio (DPR) is 52.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMTB. Keefe, Bruyette & Woods dropped their price target on Amerant Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Raymond James dropped their price target on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Stephens raised Amerant Bancorp from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $24.00 to $25.00 in a research note on Monday, September 30th. Janney Montgomery Scott lowered Amerant Bancorp from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, July 26th. Finally, Piper Sandler raised Amerant Bancorp from a “neutral” rating to an “overweight” rating and increased their price target for the company from $26.00 to $26.50 in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.10.

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.