Amerant Bancorp (AMTB) Scheduled to Post Earnings on Thursday

Posted by Defense World Staff on Jul 13th, 2023

Amerant Bancorp (NASDAQ:AMTB – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, July 20th. Analysts expect Amerant Bancorp to post earnings of $0.21 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB – Get Free Report) last issued its quarterly earnings data on Thursday, April 20th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.14). The firm had revenue of $101.68 million during the quarter, compared to analyst estimates of $97.91 million. Amerant Bancorp had a return on equity of 9.82% and a net margin of 14.33%. On average, analysts expect Amerant Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amerant Bancorp Trading Up 3.0 %

Shares of Amerant Bancorp stock opened at $18.74 on Thursday. The firm has a 50-day simple moving average of $18.28 and a two-hundred day simple moving average of $22.55. The company has a market cap of $633.60 million, a P/E ratio of 9.37 and a beta of 0.94. Amerant Bancorp has a fifty-two week low of $15.79 and a fifty-two week high of $31.09. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.02 and a current ratio of 1.03.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.92%.

Insider Transactions at Amerant Bancorp

In related news, CEO Gerald P. Plush bought 2,500 shares of the business’s stock in a transaction dated Tuesday, April 25th. The stock was acquired at an average price of $18.17 per share, with a total value of $45,425.00. Following the completion of the purchase, the chief executive officer now directly owns 54,865 shares of the company’s stock, valued at $996,897.05. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased 4,500 shares of company stock valued at $80,375 over the last 90 days. Corporate insiders own 13.49% of the company’s stock.

Institutional Trading of Amerant Bancorp

Several large investors have recently bought and sold shares of AMTB. UBS Group AG grew its stake in shares of Amerant Bancorp by 98.1% in the 4th quarter. UBS Group AG now owns 11,288 shares of the company’s stock valued at $303,000 after buying an additional 5,589 shares during the period. Legal & General Group Plc grew its stake in shares of Amerant Bancorp by 8.4% in the 2nd quarter. Legal & General Group Plc now owns 9,058 shares of the company’s stock valued at $254,000 after buying an additional 703 shares during the period. BNP Paribas Arbitrage SNC grew its stake in shares of Amerant Bancorp by 217.8% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 10,964 shares of the company’s stock valued at $239,000 after buying an additional 7,514 shares during the period. State of Tennessee Treasury Department purchased a new stake in shares of Amerant Bancorp in the 1st quarter valued at approximately $229,000. Finally, Royal Bank of Canada grew its stake 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 valued at $229,000 after buying an additional 582 shares during the period. Hedge funds and other institutional investors own 38.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMTB. Stephens reiterated an “equal weight” rating and issued a $24.00 price objective on shares of Amerant Bancorp in a research report on Friday, April 21st. Keefe, Bruyette & Woods cut their target price on shares of Amerant Bancorp from $25.00 to $23.00 in a research note on Thursday, June 22nd. Finally, Raymond James cut their target price on shares of Amerant Bancorp from $26.00 to $24.00 in a research note on Friday, June 16th.

Amerant Bancorp Company Profile

(Get Free Report)

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.