Equities research analysts forecast that Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) will post $0.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Eagle Bancorp Montana’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.31. Eagle Bancorp Montana posted earnings per share of $0.37 in the same quarter last year, which would suggest a negative year over year growth rate of 8.1%. The company is expected to announce its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Eagle Bancorp Montana will report full-year earnings of $1.23 per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $1.57 per share, with EPS estimates ranging from $1.40 to $1.74. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Eagle Bancorp Montana.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Eagle Bancorp Montana had a return on equity of 8.55% and a net margin of 11.85%. The business had revenue of $10.15 million for the quarter, compared to the consensus estimate of $10.00 million.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, September 26th. TheStreet downgraded Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research note on Monday, July 24th.
Several institutional investors have recently modified their holdings of EBMT. Dimensional Fund Advisors LP raised its stake in shares of Eagle Bancorp Montana by 76.8% in the first quarter. Dimensional Fund Advisors LP now owns 26,696 shares of the bank’s stock worth $538,000 after purchasing an additional 11,593 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Eagle Bancorp Montana in the second quarter worth approximately $251,000. Naples Global Advisors LLC raised its stake in shares of Eagle Bancorp Montana by 0.5% in the second quarter. Naples Global Advisors LLC now owns 20,150 shares of the bank’s stock worth $365,000 after purchasing an additional 100 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Eagle Bancorp Montana in the second quarter worth approximately $583,000. Finally, Glacier Peak Capital LLC raised its stake in shares of Eagle Bancorp Montana by 2.2% in the second quarter. Glacier Peak Capital LLC now owns 376,646 shares of the bank’s stock worth $6,817,000 after purchasing an additional 8,178 shares during the last quarter. 24.94% of the stock is owned by hedge funds and other institutional investors.
Eagle Bancorp Montana (NASDAQ EBMT) traded up $0.10 during mid-day trading on Tuesday, reaching $19.80. The company had a trading volume of 5,100 shares, compared to its average volume of 9,108. Eagle Bancorp Montana has a fifty-two week low of $17.30 and a fifty-two week high of $24.00. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 2.08. The firm has a market cap of $95.77, a P/E ratio of 14.70, a P/E/G ratio of 1.60 and a beta of 0.36.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Saturday, November 11th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, November 9th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 27.91%.
Eagle Bancorp Montana announced that its Board of Directors has approved a stock repurchase program on Friday, July 21st that authorizes the company to repurchase 100,000 shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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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