Amerant Bancorp (AMTB) Set to Announce Earnings on Thursday

Posted by Defense World Staff on Apr 13th, 2023

Amerant Bancorp (NASDAQ:AMTB – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, April 20th. Analysts expect Amerant Bancorp to post earnings of $0.75 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.30). The company had revenue of $106.54 million during the quarter, compared to analyst estimates of $89.22 million. Amerant Bancorp had a return on equity of 10.13% and a net margin of 15.59%. On average, analysts expect Amerant Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Amerant Bancorp Stock Performance

Shares of NASDAQ AMTB opened at $19.53 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $660.70 million, a price-to-earnings ratio of 10.56 and a beta of 0.98. The stock’s fifty day simple moving average is $25.41 and its 200 day simple moving average is $26.93. Amerant Bancorp has a 52-week low of $19.43 and a 52-week high of $31.09.

Amerant Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC purchased a new position in Amerant Bancorp in the fourth quarter valued at about $2,047,000. Boothbay Fund Management LLC grew its stake in Amerant Bancorp by 3.0% in the fourth quarter. Boothbay Fund Management LLC now owns 75,000 shares of the company’s stock valued at $2,013,000 after purchasing an additional 2,184 shares in the last quarter. Two Sigma Investments LP purchased a new position in Amerant Bancorp in the fourth quarter valued at about $331,000. Charles Schwab Investment Management Inc. grew its stake in Amerant Bancorp by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,252 shares of the company’s stock valued at $1,966,000 after purchasing an additional 1,356 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new position in Amerant Bancorp in the fourth quarter valued at about $603,000. Hedge funds and other institutional investors own 37.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered their price target on Amerant Bancorp from $36.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th.

About Amerant Bancorp

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Amerant Bancorp, Inc operates as the bank holding company, which provides banking products and services to individuals and businesses in the United States and internationally. The firm offers a range of checking and savings accounts, certificates of deposit, and money market accounts. 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 loans, personal loans, or loans secured by cash or securities and revolving credit card agreements.