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.
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.
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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