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CORAL GABLES, Fla. - Amerant Bancorp Inc. (NYSE: AMTB), the Florida-based bank holding company with a market capitalization of $802 million, announced today that its Board of Directors has approved a cash dividend for its shareholders. The dividend, set at $0.09 per share of common stock, representing a 1.88% yield, will be distributed on May 30, 2025, to shareholders on record as of May 15, 2025. According to InvestingPro, the company’s financial health score is rated as "Fair," with analysts projecting a return to profitability this year.
The declaration continues Amerant’s practice of providing returns to its investors through regular dividend payments. This latest dividend announcement is consistent with the company’s previous payouts, reflecting its commitment to shareholder value, despite a challenging year that has seen its stock price decline by 14% year-to-date.
Amerant Bancorp, with a history dating back to 1979, operates primarily through its main subsidiary, Amerant Bank, N.A., which has been serving the community for over four decades. The bank has a network of 20 banking centers located throughout South Florida and one in Tampa. Alongside Amerant Bank, the holding company also encompasses Amerant Investments, Inc., and Amerant Mortgage, LLC, offering a range of financial services including deposit accounts, credit options, and wealth management.
The company’s strategic focus on growth and service quality has positioned it as a notable entity in the financial sector of the region. This dividend payout is a reflection of Amerant Bancorp’s stable financial performance and its strategy to enhance shareholder returns.
The information regarding the dividend declaration is based on a press release statement from Amerant Bancorp Inc.
In other recent news, Amerant Bancorp Inc. reported a strong performance for the fourth quarter of 2024, with earnings per share (EPS) reaching $0.50, surpassing the projected $0.38. Revenue also exceeded expectations, amounting to $111.3 million against the anticipated $100.68 million. Despite these positive results, the company’s stock experienced a significant drop in premarket trading. Keefe, Bruyette & Woods responded to the strong earnings by raising Amerant Bancorp’s price target from $25.00 to $27.00, maintaining a Market Perform rating. The bank’s improved net interest margin and net interest income were highlighted as key drivers of this performance. Additionally, Raymond James reiterated its Outperform rating for Amerant Bancorp, citing confidence in the bank’s strategic repositioning and capital raise efforts. In corporate governance news, Amerant Bancorp revised its executive compensation structure, introducing a performance-based restricted stock unit agreement effective February 2025. The company also announced the departure of Howard A. Levine, Senior Executive Vice-President and Chief Consumer Banking Officer, with his responsibilities temporarily redistributed among other senior executives.
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