Eagle Bancorp Montana, Inc. (EBMT) to Issue Quarterly Dividend of $0.14 on June 6th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Thursday, April 24th, Wall Street Journal reports. Shareholders of record on Friday, May 16th will be given a dividend of 0.1425 per share by the bank on Friday, June 6th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, May 16th.

Eagle Bancorp Montana has raised its dividend payment by an average of 8.3% per year over the last three years and has increased its dividend every year for the last 14 years. Eagle Bancorp Montana has a payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Bancorp Montana to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 32.9%.

Eagle Bancorp Montana Price Performance

Shares of Eagle Bancorp Montana stock opened at $17.86 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana has a twelve month low of $12.61 and a twelve month high of $18.49. The business has a 50-day moving average price of $16.87 and a 200 day moving average price of $16.48. The firm has a market cap of $142.47 million, a PE ratio of 14.40 and a beta of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. The firm had revenue of $20.90 million during the quarter, compared to analyst estimates of $16.69 million. Sell-side analysts predict that Eagle Bancorp Montana will post 1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th.

Insiders Place Their Bets

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.75, for a total transaction of $177,500.00. Following the completion of the sale, the director now directly owns 116,033 shares in the company, valued at approximately $2,059,585.75. The trade was a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Bancorp Montana

An institutional investor recently raised its position in Eagle Bancorp Montana stock. Bank of America Corp DE lifted its stake in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,123 shares of the bank’s stock after purchasing an additional 803 shares during the period. Bank of America Corp DE owned 0.06% of Eagle Bancorp Montana worth $79,000 as of its most recent SEC filing. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

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.