Recent News
On August 29, 2025, American Century Companies reduced its stake in Amerant, selling shares and trimming its position. On September 18, 2025, Amerant reported Q1 2025 net income of $12.0 million and announced a restructure of its mortgage origination business to focus on Florida. On October 22, 2025, the company rescheduled its third-quarter earnings release to October 28 and the board declared a $0.09 per-share cash dividend payable November 28, 2025.
Technical Analysis
ADX / DI+ / DI-: ADX at 32.01 signals a strong trend environment; DI+ shows a dip-and-reversal, which reads as bullish, while DI- continues decreasing, which reads as bullish. Together, directional indicators support near-term directional conviction toward higher prices rather than lateral behavior.
MACD: MACD stands at -0.48 with the signal at -0.58 and a rising MACD trend, producing a crossover above the signal line; that crossover represents a bullish momentum shift despite MACD remaining below zero.
MRO: MRO sits at -34.05 with a dip-and-reversal, indicating price below the model target and material upward potential as momentum attempts to close that gap; magnitude implies meaningful pressure for mean reversion toward fair value.
RSI: RSI at 43.98 with a dip-and-reversal shows momentum recovering from a recent pullback; the indicator suggests expanding buying interest without overbought conditions yet.
Price Versus Moving Averages and Bands: Current close at $17.83 trades below the 50-day ($19.03) and 200-day ($19.44) averages, signalling longer-term weakness, while the 12-day EMA recently reversed higher, indicating short-term buying. Price sits above the 1x Bollinger upper band ($17.55) and below the 2x upper band ($17.93), suggesting follow-through risk toward resistance near the super-trend upper at $18.13.
Volatility & Volume: Average volumes over 10/50/200 days (366,786 / 256,732 / 211,299) show recent sessions trading above long-term norms, supporting conviction behind the short-term rebound. Beta measures (42-day 1.24, 52-week 1.01) imply elevated sensitivity to market moves for tactical positions.
Fundamental Analysis
Earnings: Reported EPS equaled $0.39 versus an estimate of $0.53, producing an EPS surprise of -26.42%. Forward EPS stands at $0.51. Trailing P/E equals 49.38x while forward P/E equals 39.37x, reflecting elevated multiples relative to expected near-term earnings.
Valuation Multiples: Price-to-book sits at 0.84x, below the industry peer mean of 1.25x and the industry peer median of 1.16x, yet above the industry peer low of 0.28x. Trailing P/E at 49.38x registers above the industry peer mean of 43.17x and median of 41.12x. Price-to-sales at 7.31x falls below the industry peer mean of 12.94x.
Profitability & Returns: Return on assets equals 0.142% and return on equity equals 1.562%, both below industry peer means (ROA mean 0.307%, ROE mean 2.849%). Net income totaled $14,756,000 and net interest income reached $94,152,000, supporting ongoing core banking revenue despite low headline returns.
Capital Structure & Liquidity: Debt-to-assets measures 9.95%, above the industry peer mean of 5.277%, while debt-to-equity equals 1.0957, above the industry peer mean of 0.5194. Cash on hand totals $623,964,000 and book value per share equals $22.90.
Cash Flow & Dividends: Free cash flow totaled $23,715,000, producing a free cash flow yield of 2.98%, slightly above the industry peer mean of 2.77%. Dividend yield equals 0.47% with a $0.09 per-share declared payout and a dividend payout ratio of 25.44%, while dividend coverage sits at 3.93x.
Growth Rates: YoY net income growth shows a positive 7.84%, while reported revenue growth registers at -0.38% overall; quarter-over-quarter and year-over-year percentage fields show meaningful variability (for example, PE ratio QoQ +50.17% and PE ratio YoY -36.32%), indicating volatile short-term metric swings rather than stable improvement.
Selected Operational Metrics: Asset turnover at 0.01048 slightly exceeds the industry peer mean of 0.01034. Asset-to-equity equals 11.02. Provisioning and restructuring actions (mortgage business realignment) affect operating earning velocity and explain part of recent metric divergence.
Valuation Conclusion: WMDST values the stock as fair-valued. Multiples show elevated trailing P/E versus peers while price-to-book trades below peer central tendency; free cash flow yield sits marginally above peer mean. Fundamentals reflect low profitability and higher leverage relative to peer means, offset partially by stable cash generation and recent capital returns.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-28 |
| NEXT REPORT DATE: | 2026-01-27 |
| CASH FLOW | Begin Period Cash Flow | $ 636.8 M |
| Operating Cash Flow | $ 16.2 M | |
| Capital Expenditures | — | |
| Change In Working Capital | $ -11.26 M | |
| Dividends Paid | $ -3.75 M | |
| Cash Flow Delta | $ -5.98 M | |
| End Period Cash Flow | $ 630.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 108.7 M | |
| Forward Revenue | $ 38.8 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 1.5 M | |
| Depreciation and Amortization | $ 1.5 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 152.7 M | |
| Interest Expense | $ 58.6 M | |
| Net Interest Income | $ 94.2 M | |
| Income Before Tax | $ 19.0 M | |
| Tax Provision | $ 4.3 M | |
| Tax Rate | 22.37 % | |
| Net Income | $ 14.8 M | |
| Net Income From Continuing Operations | $ 14.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.53 | |
| EPS Actual | $ 0.39 | |
| EPS Difference | $ -0.14 | |
| EPS Surprise | -26.415 % | |
| Forward EPS | $ 0.51 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.4 B | |
| Intangible Assets | $ 19.2 M | |
| Net Tangible Assets | $ 925.7 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 624.0 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | $ 301.7 M | |
| Total Debt | $ 1.0 B | |
| Total Liabilities | $ 9.5 B | |
| EQUITY | ||
| Total Equity | $ 944.9 M | |
| Retained Earnings | $ 620.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 22.90 | |
| Shares Outstanding | 41.265 M | |
| Revenue Per-Share | $ 2.63 | |
| VALUATION | Market Capitalization | $ 794.7 M |
| Enterprise Value | $ 1.8 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 16.832 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 11.017 | |
| Asset To Liability | 1.1 | |
| Debt To Capital | 0.523 | |
| Debt To Assets | 0.099 | |
| Debt To Assets QoQ | 6.17 % | |
| Debt To Assets YoY | -12.316 % | |
| Debt To Assets IPRWA | high: 0.119 AMTB: 0.099 median: 0.053 mean: 0.053 low: 0.001 |
|
| Debt To Equity | 1.096 | |
| Debt To Equity QoQ | 4.608 % | |
| Debt To Equity YoY | -15.763 % | |
| Debt To Equity IPRWA | high: 1.525 AMTB: 1.096 mean: 0.519 median: 0.455 low: 0.005 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.841 | |
| Price To Book QoQ | -4.922 % | |
| Price To Book YoY | -13.858 % | |
| Price To Book IPRWA | high: 2.042 mean: 1.252 median: 1.156 AMTB: 0.841 low: 0.284 |
|
| Price To Earnings (P/E) | 49.383 | |
| Price To Earnings QoQ | 50.165 % | |
| Price To Earnings YoY | -36.318 % | |
| Price To Earnings IPRWA | high: 75.793 AMTB: 49.383 mean: 43.171 median: 41.121 low: 9.669 |
|
| PE/G Ratio | -1.564 | |
| Price To Sales (P/S) | 7.309 | |
| Price To Sales QoQ | -2.425 % | |
| Price To Sales YoY | -73.869 % | |
| Price To Sales IPRWA | high: 24.051 mean: 12.936 median: 12.533 AMTB: 7.309 low: 0.117 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 39.367 | |
| Forward PE/G | -1.247 | |
| Forward P/S | 20.5 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.01 | |
| Asset Turnover Ratio QoQ | -1.596 % | |
| Asset Turnover Ratio YoY | 233.758 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 AMTB: 0.01 mean: 0.01 median: 0.01 low: 0.005 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 0.0 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | -100.0 % | |
| Cash Conversion Cycle Days IPRWA | high: 84.471 mean: 35.522 median: 34.679 AMTB: 0.0 low: -17.91 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | 0.0 | |
| CapEx To Depreciation | 0.0 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.9 B | |
| Net Invested Capital | $ 1.9 B | |
| Invested Capital | $ 1.9 B | |
| Net Tangible Assets | $ 925.7 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 4.541 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.931 | |
| Dividend Payout Ratio | 0.254 | |
| Dividend Rate | $ 0.09 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.731 % | |
| Revenue Growth | -0.381 % | |
| Revenue Growth QoQ | -109.825 % | |
| Revenue Growth YoY | -99.435 % | |
| Revenue Growth IPRWA | high: 16.276 % mean: 4.774 % median: 3.648 % AMTB: -0.381 % low: -9.66 % |
|
| Earnings Growth | -31.579 % | |
| Earnings Growth QoQ | -122.967 % | |
| Earnings Growth YoY | 784.318 % | |
| Earnings Growth IPRWA | high: 63.889 % mean: 8.183 % median: 7.292 % AMTB: -31.579 % low: -37.5 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 23.7 M | |
| Free Cash Flow Yield | 2.984 % | |
| Free Cash Flow Yield QoQ | -56.628 % | |
| Free Cash Flow Yield YoY | 914.966 % | |
| Free Cash Flow Yield IPRWA | high: 9.076 % AMTB: 2.984 % mean: 2.767 % median: 2.661 % low: -1.876 % |
|
| Free Cash Growth | -57.84 % | |
| Free Cash Growth QoQ | -127.217 % | |
| Free Cash Growth YoY | -65.423 % | |
| Free Cash Growth IPRWA | high: 496.034 % mean: 19.899 % median: 4.44 % AMTB: -57.84 % low: -394.679 % |
|
| Free Cash To Net Income | 1.607 | |
| Cash Flow Margin | 14.939 % | |
| Cash Flow To Earnings | 1.101 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.142 % | |
| Return On Assets QoQ | -36.607 % | |
| Return On Assets YoY | -129.645 % | |
| Return On Assets IPRWA | high: 0.657 % mean: 0.307 % median: 0.301 % AMTB: 0.142 % low: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.016 | |
| Return On Equity QoQ | -37.244 % | |
| Return On Equity YoY | -129.284 % | |
| Return On Equity IPRWA | high: 0.052 median: 0.03 mean: 0.028 AMTB: 0.016 low: 0.002 |
|
| DuPont ROE | 1.578 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |