Amerant Bancorp (AMTB) to Release Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) is expected to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Amerant Bancorp to post earnings of $0.38 per share and revenue of $100,680.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB) last posted its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of ($999.00) million during the quarter, compared to analysts’ expectations of $99.39 million. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. During the same quarter in the prior year, the firm earned $0.64 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

AMTB opened at $22.25 on Monday. 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 business’s 50 day moving average is $23.46 and its 200-day moving average is $22.28. The stock has a market cap of $936.74 million, a PE ratio of -15.03 and a beta of 1.03. Amerant Bancorp has a twelve month low of $18.54 and a twelve month high of $27.00.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, November 14th. Amerant Bancorp’s payout ratio is currently -24.32%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMTB. Piper Sandler increased their price target on Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Raymond James decreased their target price on shares of Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens reaffirmed an “overweight” rating and issued a $29.00 price target on shares of Amerant Bancorp in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Amerant Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.20.

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.