Eagle Bancorp Montana, Inc. (EBMT) To Go Ex-Dividend on November 13th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.1475 per share by the bank on Friday, December 4th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 13th.

Eagle Bancorp Montana has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp Montana to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 25.8%.

Eagle Bancorp Montana Price Performance

NASDAQ:EBMT opened at $20.58 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.26. Eagle Bancorp Montana has a 12 month low of $15.80 and a 12 month high of $24.66. The firm has a market cap of $164.02 million, a P/E ratio of 10.50 and a beta of 0.37. The stock has a 50 day moving average of $21.44 and a two-hundred day moving average of $22.20.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, October 27th. The bank reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). The firm had revenue of $25.08 million during the quarter, compared to analyst estimates of $24.50 million. Eagle Bancorp Montana had a net margin of 12.03% and a return on equity of 7.98%. On average, analysts expect that Eagle Bancorp Montana will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.50.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc. was a Montana-based bank holding company that operated through its subsidiary, Opportunity Bank of Montana. The company provided community banking services to individuals, families, small businesses and commercial customers across Montana. Opportunity Bank offered deposit accounts, residential mortgage lending, consumer loans, commercial real estate financing, business loans and other banking products. Its services also included online and mobile banking, along with traditional branch-based banking.