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

Amerant Bancorp Inc. (NASDAQ:AMTBGet Rating) declared a quarterly dividend on Monday, January 23rd, Wall Street Journal reports. Investors of record on Monday, February 13th will be paid a dividend of 0.09 per share on Tuesday, February 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, February 10th.

Amerant Bancorp has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amerant Bancorp to earn $2.86 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 12.6%.

Amerant Bancorp Stock Down 1.9 %

Shares of AMTB opened at $27.34 on Wednesday. Amerant Bancorp has a 52 week low of $24.41 and a 52 week high of $36.14. The firm has a market cap of $923.27 million, a P/E ratio of 14.78 and a beta of 1.05. The firm’s 50-day simple moving average is $27.83 and its 200 day simple moving average is $27.59. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.01 and a current ratio of 1.02.

Insider Transactions at Amerant Bancorp

In other news, Director A. Gustavo J. Vollmer sold 49,249 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $29.59, for a total transaction of $1,457,277.91. Following the completion of the sale, the director now directly owns 586,126 shares in the company, valued at $17,343,468.34. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director A. Gustavo J. Vollmer sold 8,496 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $30.17, for a total transaction of $256,324.32. Following the transaction, the director now directly owns 641,700 shares of the company’s stock, valued at $19,360,089. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director A. Gustavo J. Vollmer sold 49,249 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $29.59, for a total transaction of $1,457,277.91. Following the transaction, the director now directly owns 586,126 shares in the company, valued at $17,343,468.34. The disclosure for this sale can be found here. Insiders sold a total of 107,764 shares of company stock worth $3,216,648 over the last three months. 14.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new position in shares of Amerant Bancorp during the first quarter valued at about $26,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Amerant Bancorp by 146.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,469 shares of the company’s stock worth $98,000 after purchasing an additional 2,062 shares during the period. Quantbot Technologies LP bought a new stake in shares of Amerant Bancorp in the 2nd quarter worth approximately $144,000. BNP Paribas Arbitrage SA raised its holdings in shares of Amerant Bancorp by 13.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,846 shares of the company’s stock worth $221,000 after purchasing an additional 936 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Amerant Bancorp by 6.7% in the 3rd quarter. Royal Bank of Canada now owns 9,244 shares of the company’s stock worth $229,000 after purchasing an additional 582 shares during the period. 37.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AMTB. Keefe, Bruyette & Woods downgraded shares of Amerant Bancorp from an “outperform” rating to a “market perform” rating and set a $32.00 price objective for the company. in a report on Monday, December 12th. Stephens upped their price target on shares of Amerant Bancorp from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, October 24th.

Amerant Bancorp Company Profile

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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. The company offers checking, savings, and money market accounts; and certificates of deposits. It also provides variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals primarily secured by personal residence; working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements.

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Dividend History for Amerant Bancorp (NASDAQ:AMTB)

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