Amerant Bancorp Inc. (NASDAQ:AMTB) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.06 per share.
Looking ahead, the full year loss are expected at $ 0.38 per share on the revenues of $ 257.38 million.
Previous Quarter Performance
Amerant Bancorp Inc. came out with loss for the second quarter of $ 0.37 per share, from the revenue of $ 66.08 million, On adjusted basis, AMTB reported loss for the quarter of $ 0.34 per share. The quarterly revenues reduced 2.74 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.09 per share from $ 59.86 million in revenue. The bottom line results missed street analysts by $ 0.25 or 277.78 percent, at the same time, top line results outshined analysts by $ 6.22 million or 10.39 percent.
Stock Performance
Shares of Amerant Bancorp Inc. traded low $ -0.84 or -8.19 percent on Wednesday, reaching $ 9.42 with volume of 27.90 thousand shares. Amerant Bancorp Inc. has traded high as $ 10.42 and has cracked $ 9.34 on the downward trend
According to the previous trading day, closing price of $ 9.42, representing a 11.89 % increase from the 52 week low of $ 9.17 and a 56.51 % decrease over the 52 week high of $ 23.59.
The company has a market capital of $ 374.95 million and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Amerant Bancorp Inc. will be hosting a conference call at 9:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amerantbank.com
Amerant Bancorp Inc. operates as a bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally.
