Connect with us

Montana

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

Published

on

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.

Advertisement

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.

Advertisement

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.

Featured Stories

Dividend History for Eagle Bancorp Montana (NASDAQ:EBMT)



Advertisement

Receive News & Ratings for Eagle Bancorp Montana Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Eagle Bancorp Montana and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Montana

Clark Fork River remains central to Missoula’s identity, conservation groups say

Published

on

Clark Fork River remains central to Missoula’s identity, conservation groups say


The Clark Fork River has long been a defining feature of Missoula, shaping the city’s culture, economy and outdoor lifestyle.

The river is so closely tied to the area that it helped inspire the well-known book and film “A River Runs Through It.” But local conservation advocates say its importance goes far beyond scenery.

“Without the Clark Fork River, Missoula would just be another town,” said Lisa Ronald, Northern Rockies associate conservation director for American Rivers. “We wouldn’t be the River City. I think we’re known in Montana as Missoula the River City, and it’s really because of the Clark Fork River and its central role in business, in economics, in recreation, that really makes Missoula the town that it is.”

Carmen Murill, a field organizer with Wild Montana, said the river is deeply woven into daily life for people who live in Missoula.

Advertisement

“A lot of us would wonder what to do on a beautiful or a rainy summer day,” Murill said. “I mean, it’s really a lifeforce of town. And I think it’s pretty unique that Missoula, as a community is living and breathing on both sides of the river. It’s really like two downtowns but connected by the Clark Fork.”

Conservation groups say protecting the river begins with community involvement.

Advocates encourage residents and visitors to spend time outdoors, whether on a trail, in the woods or along the river, and to learn how they can become better stewards of the environment.



Source link

Advertisement
Continue Reading

Montana

Forstag secures democratic nomination for Western Montana Congressional District

Published

on

Forstag secures democratic nomination for Western Montana Congressional District


MISSOULA — Sam Forstag edged out Ryan Busse to secure the Democratic nomination in Montana’s 1st Congressional District.

Busse conceded the race to Forstag on Wednesday morning. Forstag had trailed behind Busse Tuesday evening, but he made up ground as the votes were counted into the early hours of Wednesday morning. The other two candidates in the race, Russl Cleveland and Matt Rains, are sitting at third and fourth, respectively.

Forstag leads in close race for Montana’s 1st Congressional District

Advertisement

Forstag spent eight years as a wildland firefighter, including four as a smokejumper, and he’s been vice president of the local National Federation of Federal Employees union. Last week, U.S. House of Representative Alexandria Ocasio-Cortez, D-New York, held a rally in Missoula to support Forstag’s campaign.

He told MTN on Tuesday that his campaign has been for the working class.

“We got a whole lot of people here that have been working their tail off to finally get some working-class representation in Washington,” Forstag noted. “So proud of everything we’ve done and so grateful.”

Forstag further noted he wants Montanans to be able to afford groceries, have universal free childcare and restore and expand Affordable Health Care Act subsidies.

Advertisement

“Hearing people’s stories and struggles and commonalities in the ways that we’re all fighting in the system that does not serve us so often, and the government serves corporations and the richest people in this country more than working people. It has been frustrating and saddening, but it has also inspired so much hope in me, like the fixes we can actually make,” he told MTN.

The 1st Congressional District covers much of western Montana, including Kalispell, Missoula, Butte and Bozeman. It is currently held by Rep. Ryan Zinke, R-Montana, who chose not to seek reelection.

By securing the nomination, Forstag is slated tol face off against Libertarian candidate Nick Sheedy and Republican candidate Aaron Flint in November. 





Source link

Advertisement
Continue Reading

Montana

In eastern Montana, Brian Miller wins Democratic primary for U.S. House • Daily Montanan

Published

on

In eastern Montana, Brian Miller wins Democratic primary for U.S. House • Daily Montanan


Brian Miller won the Democratic primary Tuesday for the U.S. House seat in Montana’s eastern district.

The Associated Press called the race for Miller, an attorney in Helena, who fended off a challenge from state Sen. Jonathan Windy Boy, a longtime legislator from Box Elder, and Sam Lux, a farrier from Great Falls.

In the Republican and rural eastern district, any Democrat will be an underdog, and Miller will face off against incumbent Republican U.S. Rep. Troy Downing, who was unopposed Tuesday.

Libertarian Patrick McCracken is also running.

Advertisement

In the primary, Miller took 58% of the vote. Lux took 27% and Windy Boy took 16%, according to the Montana Secretary of State’s website.

In April, Windy Boy paused his campaign amid “serious sexual abuse” allegations raised by the Montana Democratic Party — but Windy Boy restarted his campaign and later called the allegations “political attacks.”

Miller is representing the victim of the alleged abuse and her mother, although he said he didn’t take on the role until after Windy Boy initially suspended his campaign.



Source link

Advertisement
Continue Reading
Advertisement

Trending