Eagle Bancorp Montana Inc (NASDAQ:EBMT) declared a quarterly dividend on Wednesday, October 24th, Wall Street Journal reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.0925 per share by the bank on Friday, December 7th. This represents a $0.37 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, November 15th.
Eagle Bancorp Montana has increased its dividend by an average of 4.8% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Eagle Bancorp Montana has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Bancorp Montana to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 22.4%.
Shares of NASDAQ EBMT opened at $16.90 on Friday. Eagle Bancorp Montana has a 12 month low of $14.20 and a 12 month high of $21.95. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 1.27. The stock has a market cap of $91.08 million, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.57 and a beta of 0.37.
Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Eagle Bancorp Montana had a return on equity of 6.25% and a net margin of 8.85%. The company had revenue of $11.24 million during the quarter, compared to analyst estimates of $10.99 million. Sell-side analysts anticipate that Eagle Bancorp Montana will post 1.07 EPS for the current year.
In other news, Director Rick Hays bought 2,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average price of $16.65 per share, with a total value of $33,300.00. Following the completion of the purchase, the director now directly owns 27,329 shares in the company, valued at $455,027.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter Joseph Johnson bought 1,800 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was purchased at an average cost of $16.30 per share, with a total value of $29,340.00. Following the purchase, the chief executive officer now owns 89,429 shares of the company’s stock, valued at $1,457,692.70. The disclosure for this purchase can be found here. 6.90% of the stock is owned by corporate insiders.
Several analysts have issued reports on EBMT shares. Zacks Investment Research lowered Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. TheStreet raised Eagle Bancorp Montana from a “c+” rating to a “b” rating in a research note on Wednesday, October 31st.
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About Eagle Bancorp Montana
Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services in Montana. The company offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats.
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