Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) – FIG Partners boosted their Q4 2018 earnings estimates for shares of Eagle Bancorp Montana in a research note issued to investors on Thursday. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings of $0.52 per share for the quarter, up from their prior forecast of $0.44. FIG Partners also issued estimates for Eagle Bancorp Montana’s Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.48 EPS and FY2019 earnings at $2.03 EPS.
EBMT has been the topic of a number of other research reports. TheStreet lowered Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Eagle Bancorp Montana from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th.
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Shares of Eagle Bancorp Montana (NASDAQ:EBMT) traded down 1.11% on Monday, hitting $17.85. The stock had a trading volume of 125 shares. Eagle Bancorp Montana has a 52 week low of $14.10 and a 52 week high of $24.00. The company has a market cap of $68.03 million, a price-to-earnings ratio of 13.73 and a beta of 0.36. The firm has a 50 day moving average price of $18.05 and a 200-day moving average price of $18.75.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Friday, July 21st. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.11. The company had revenue of $9.45 million during the quarter, compared to the consensus estimate of $9.60 million. Eagle Bancorp Montana had a net margin of 12.06% and a return on equity of 8.36%.
Institutional investors have recently bought and sold shares of the business. Spark Investment Management LLC acquired a new position in Eagle Bancorp Montana in the first quarter worth $202,000. US Bancorp DE acquired a new position in shares of Eagle Bancorp Montana during the second quarter valued at $251,000. Advisor Group Inc. lifted its stake in shares of Eagle Bancorp Montana by 148.5% during the second quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock valued at $252,000 after acquiring an additional 8,315 shares during the period. Context BH Capital Management LP acquired a new position in shares of Eagle Bancorp Montana during the first quarter valued at $303,000. Finally, Stockman Wealth Management Inc. lifted its stake in shares of Eagle Bancorp Montana by 8.7% during the first quarter. Stockman Wealth Management Inc. now owns 16,283 shares of the bank’s stock valued at $324,000 after acquiring an additional 1,300 shares during the period. 31.47% of the stock is currently owned by institutional investors.
Eagle Bancorp Montana declared that its Board of Directors has initiated a stock repurchase plan on Friday, July 21st that permits the company to buyback 100,000 outstanding shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.36 dividend on an annualized basis and a yield of 1.99%. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.08. Eagle Bancorp Montana’s payout ratio is currently 27.69%.
About Eagle Bancorp Montana
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.
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