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Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Plans Dividend Increase – $0.14 Per Share

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Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Plans Dividend Increase – alt=



Eagle Bancorp Montana, Inc. (NASDAQ:EBMT – Get Free Report) announced a quarterly dividend on Tuesday, July 23rd, Zacks reports. Investors of record on Friday, August 16th will be paid a dividend of 0.142 per share by the bank on Friday, September 6th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, August 16th. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has raised its dividend by an average of 13.0% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Eagle Bancorp Montana has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Bancorp Montana to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 34.1%.

Eagle Bancorp Montana Stock Down 1.3 %

Shares of NASDAQ EBMT opened at $14.15 on Wednesday. Eagle Bancorp Montana has a 52-week low of $11.26 and a 52-week high of $17.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $113.48 million, a P/E ratio of 12.63 and a beta of 0.54. The firm has a 50 day moving average price of $13.24 and a 200 day moving average price of $13.29.

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Eagle Bancorp Montana (NASDAQ:EBMT – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The firm had revenue of $19.17 million during the quarter, compared to analyst estimates of $22.50 million. Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.29%. Analysts expect that Eagle Bancorp Montana will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EBMT shares. Hovde Group started coverage on Eagle Bancorp Montana in a research note on Friday, July 5th. They issued a “market perform” rating and a $13.50 target price for the company. StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a report on Sunday. They set a “hold” rating on the stock.

View Our Latest Report on EBMT

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of Eagle Bancorp Montana stock in a transaction on Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the completion of the transaction, the director now directly owns 71,139 shares of the company’s stock, valued at $939,746.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $12.98, for a total value of $129,800.00. Following the transaction, the director now directly owns 156,039 shares of the company’s stock, valued at approximately $2,025,386.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter Joseph Johnson sold 2,954 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the completion of the sale, the director now directly owns 71,139 shares of the company’s stock, valued at approximately $939,746.19. The disclosure for this sale can be found here. Insiders have sold a total of 14,405 shares of company stock worth $187,859 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.

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Eagle Bancorp Montana Company Profile

(Get Free Report)

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

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Dividend History for Eagle Bancorp Montana (NASDAQ:EBMT)



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Cascade teen's design chosen for new Montana license plate option

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Cascade teen's design chosen for new Montana license plate option


The Cascade County Deputy Sheriff Association hosted a competition for students in the County schools to design a license plate that represents Montana, and the winner’s design will be available as a license plate all over the state.

Cascade student designs Montana license plate

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The competition included all grade levels at county schools in Belt, Centerville, Ulm, Cascade, Vaughn, Fort Shaw, and Simms. The competition did not extend to Great Falls Public Schools. The only guideline for the license plate design was to come up with a design that represents Montana.

Community Resource Deputy at the Cascade County Sheriff’s Office, Deputy Alec Lugo says, “They had free rein to use their imagination and decide to design a plate that best represents Montana in their vision.We saw all sorts of unique designs, a lot of different things about Montana ranging from wildfire to fishing to the animals to the mountains. We saw a lot of good designs that were submitted.”



After receiving around 80 submissions from students of all ages across the county, the Cascade County Deputy Sheriff Association narrowed the competition down to one winning design, from Cascade School senior Nordika Goetze.

Goetze explains, “I kind of wanted to do what I thought about whenever I thought about Montana. And that was nature, obviously.”

Goetze’s design features Lake McDonald and mountains in Glacier National Park, and animals representing the state including a grizzly bear, a cutthroat trout, and a mourning cloak butterfly in three different phases.

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“I can’t believe it,” Goetze says. “It’s crazy to think that it will be on people’s cars, and it will be, like, throughout the state, somewhere in Montana on someone’s car.”

Once the state approves Goetze’s design, the license plate will be available across Montana.

The proceeds from these license plate sales will go back into the Cascade County community and into the Cascade Charity fund, funding events such as ‘Shop with the Sheriff’ and ‘Stuff the Bus’ events.

Nordika’s design will be available state-wide in 2025.

For more information on events by the Cascade County Deputy Sheriff Association, click here.

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Montana State's Brody Grebe, Helena High grad Keyshawn James-Newby finalists for Buck Buchanan Award

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Montana State's Brody Grebe, Helena High grad Keyshawn James-Newby finalists for Buck Buchanan Award


MISSOULA — Montana State senior Brody Grebe is a finalist for the Buck Buchanan Award, which annually recognizes the FCS national defensive player of the year.

The 35 finalists were announced Tuesday.

Grebe, the Big Sky Conference’s preseason defensive MVP, has 28 tackles, including 16 solo, on the season. The 6-foot-2, 248-pound defensive end from Melstone also has 7.5 tackles for loss, six sacks, a forced fumble and three pass break-ups.

Grebe wears Montana State’s legacy No. 41.

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The Bobcats finished the regular season 12-0 and won the outright Big Sky championship. They are the No. 1 overall seed for the FCS playoffs and will play their first playoff game against Tennessee Martin or New Hampshire on Dec. 7.

Idaho’s Keyshawn James-Newby and UC Davis’ David Meyer are also finalists for the Buck Buchanan Award.

James-Newby is a Helena High School graduate who played his first two collegiate seasons at Montana Tech, where he was a first-team All-Frontier Conference player. This season at Idaho, James-Newby, a 6-2, 240-pound defensive end, has 54 tackles (30 solo), 13.5 tackles for loss, 9.5 sacks and two forced fumbles.

The Vandals (9-3) are the No. 8 seed in the FCS playoffs and will play either Lehigh or Richmond on Dec. 7.

Meyer, a 6-1, 230-pound linebacker, has 104 tackles (63 solo) this season for the Aggies. He also added 6.5 tackles for loss and four interceptions for Davis, which is the No. 5 seed for the FCS playoffs. The Aggies will play Illinois State or Southeast Missouri in a second-round game on Dec. 7.

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Griz survive cold shooting for 69-66 win – University of Montana Athletics

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Griz survive cold shooting for 69-66 win – University of Montana Athletics


It wasn’t easy or pretty, but Kai Johnson’s steal-and-score with six seconds remaining gave Montana a gritty 69-66 win over Utah Tech on Monday night. The Griz trailed by three with 20 seconds to play, and proceeded to score six points in the final 13 seconds of the contest to improve to 4-0 at home this season.
 
Brandon Whitney drove down the lane and finished nearly uncontested, cutting the Trailblazer lead to one point with 13 seconds remaining. On the ensuing inbound, Whitney and Amari Jedkins trapped Utah Tech in the backcourt. They passed out of the double-team, but Johnson was there to intercept and cut to the hoop.
 
The guard finished through contact to make it 67-66 Montana, the first lead for the Grizzlies in 14 minutes. He missed the free throw, but was able to track down his own rebound and was fouled again. This time, Johnson made both at the line to make it 69-66. A desperation attempt from Utah Tech was off, and Montana survived.
 
The Grizzlies (4-3) only needed the dramatic comeback after a tough shooting stretch disintegrated a double-digit lead and allowed Utah Tech to pull back into the game. Montana went 8:09 without a made field goal, going scoreless the final 6:37 of the first half.
 
After making 13 of their first 19 shots (.684), Montana went 2-of-22 for an over 15 minute stretch of the game. But when things got tough, they responded with seven makes on their final eight attempts to come from behind.
 
“You have to take ugly wins when you can get them,” head coach Travis DeCuire said. “I do think they build character when you have tough games and you have to come from behind, you have a lead for most of the game, but we just really had a hard time getting the lid off the hoop. I thought we were on pace to score 50 in the first half and then we didn’t score a basket in the last six minutes, and we never really snapped out of it. That was a tough one, but I’ll take it.”

 
Brandon Whitney and Kai Johnson, the two players involved in the late scoring, were the leaders for Montana on the night with 16 points apiece. They were the only Grizzlies in double figures as Montana shot 43 percent from the floor and just 20 percent from three-point range.
 
Johnson scored nine of his points in the second half, five of which came from the free throw line. He also recovered two of his own missed free throws, hustling for every ball. His steal to win the game was his third of the day.
 
Whitney started the game strong, and ended it in the same fashion, taking over down the stretch with the offense struggling. He got to the rim three times in the final three minutes to score six of his 16 in the closing moments.
 
“We wanted to get Whitney to the rim, and that’s really what we were doing down the stretch. The last couple baskets we scored, we knew they would probably go with their halfcourt trap to zone but I felt that if we got in transition quick off the make or miss they would have a hard time setting it up, which ended up working out.”
 
You couldn’t have drawn up a much better start for the Griz. They made their first three shot attempts, and after a three-pointer from Austin Patterson with 12:25 left in the first half had a 25-14 lead. At that point, Montana had made 9-of-11 field goal attempts. They hit a brief cold patch, but recovered with four of their next five. Jedkins gave them a 38-28 lead with 6:37 to play in the first half.
 
The Griz were shooting nearly 70 percent from the floor at the time, and were scoring nearly 3.0 points per minute. They were on pace to score well over 100 points for the game, and had nine different players in the scoring column.
 
“The ball was moving. I think that our intent was different,” DeCuire said of the hot start. “I think that we thought we needed to generate offense for one another and the ball needed to move and we needed to be patient, but we were scoring pretty quickly and pretty easily. And then I think we thought it was going to be like that the whole game.”
 
As Montana settled in, Utah Tech ramped up the effort defensively. Montana missed eight straight shots and also committed four turnover in the final six minutes. They still led 38-34 at the halftime break.
 
Coming out of the break, it was much of the same. The Griz missed their first two attempts before Money Williams finally stopped the scoring drought on a lay-up with 18:28 to play. But the Griz would go on to miss 10 of their next 11 shots with Williams scoring again during the stretch. Outside of the two makes from him, the Grizzlies misconnected on 20 straight shots.
 
Utah Tech was able to build a four-point lead as a result. Joe Pridgen got things going in the final 10 minutes, scoring seven of his nine points during that stretch.
 
Montana’s defense also helped keep it in the game. The Griz held Utah Tech to just 21 percent shooting from the three-point line and scored 12 points off Trailblazer turnovers. During the cold stretch for the hosts, the Griz defense was able to hold Utah Tech to just 1-of-10 shooting during a stretch. It kept Montana in position to make the comeback late.
 
The largest lead for the Trailblazers was five points, and Pridgen cut that down to one with back-to-back layups to make it 53-52. Utah Tech maintained a 2-4 point advantage for the closing six minutes before chaos broke loos in the final 60 seconds.
 
Tennessee Rainwater made a layup to give Utah Tech a 65-61 lead with 56 seconds to play. Johnson was then fouled, and made his first but missed the second. Johnson tracked down his own board, and was fouled again. He once again made 1-of-2, cutting the lead to 65-63 with 48 seconds left.
 
Montana elected not to foul, and played out nearly the whole shot clock before committing a shooting foul at the rim with 20 seconds left. Samuel Ariyibi made 1-of-2 free throws to give Utah Tech the 66-63 lead.
 
And then, some magic for Montana. Whitney scored on the drive, helped force the turnover, and Johnson put it away at the line. Six points. 13 seconds. Griz win.
 
“They’ve got two dominant ball handlers, and we wanted to take both away, so I thought putting Whitney on the ball because he’s good at reading and taking away the first cutter,” DeCuire said of the final play. “I thought when he took the ball handler away on the first cut, Malik did the job on the second cut, and Kai jumped the lane when they got close to the five count. That’s what happens when you get close to the five count, you kind of panic and just try to get the ball out of your hands and Kai was able to make a play.”
 
Montana won the rebounding category 39-33 and had an 18-6 advantage at the free throw line in terms of makes. They also did well in transition, scoring 13 fast break points. But overall, it was a night that many Griz players would like to have back.
 
But on the second day of a back-to-back, these are the types of games that you want to win to build some character for the rest of the season.

“It’s huge. You don’t want these games going in, but when you look back over the course of 10, 15, 20 games, you want to look back and say we’ve had a couple of challenges that we’ve survived and we conquered and this is one of them,” DeCuire said.
 
The head coach improves to 50-6 in home non-conference games, 4-0 this season. His team will certainly need to make improvements on Wednesday when they host CSUN in the championship game of the Stew Morrill Classic.
 
CSUN defeated Denver 89-60 in the first game on Monday afternoon. The Matadors led nearly the entire game, making 33 free throws in the contest. They have several athletic players that got to the rim at will against Denver, and it led to a .519 field goal percentage.
 
“We’ve got to keep them out of the paint. They have three or four guys that are really good at getting into the paint and finishing, they are good at sharing the ball around the basket,” DeCuire said. “They only made two threes today but put 89 on the board, so they find a way to get to the free throw line and we need to keep them off the line and out of the paint.”

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