Eagle Bancorp Montana (NASDAQ:EBMT) Posts Earnings Results, Misses Estimates By $0.03 EPS

Eagle Bancorp Montana (NASDAQ:EBMTGet Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03), Zacks reports. Eagle Bancorp Montana had a net margin of 12.57% and a return on equity of 8.43%. The company had revenue of $24.16 million during the quarter, compared to the consensus estimate of $23.55 million.

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ:EBMT traded down $0.49 on Thursday, hitting $23.56. 12,268 shares of the company were exchanged, compared to its average volume of 60,357. The company’s 50 day moving average price is $23.16 and its two-hundred day moving average price is $22.18. The firm has a market capitalization of $187.77 million, a price-to-earnings ratio of 11.55 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 0.86. Eagle Bancorp Montana has a one year low of $15.50 and a one year high of $24.66.

Eagle Bancorp Montana Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be given a $0.1475 dividend. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 29.29%.

Analysts Set New Price Targets

A number of brokerages have issued reports on EBMT. Weiss Ratings raised Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. Hovde Group boosted their price objective on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. Finally, DA Davidson upped their price objective on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Read Our Latest Stock Analysis on Eagle Bancorp Montana

Insider Buying and Selling at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $22.83, for a total transaction of $228,300.00. Following the sale, the director directly owned 82,260 shares in the company, valued at $1,877,995.80. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EBMT. Empowered Funds LLC grew its position in Eagle Bancorp Montana by 10.2% during the fourth quarter. Empowered Funds LLC now owns 33,732 shares of the bank’s stock worth $671,000 after buying an additional 3,121 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Eagle Bancorp Montana by 4.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 70,353 shares of the bank’s stock valued at $1,400,000 after buying an additional 3,121 shares during the period. AQR Capital Management LLC boosted its stake in shares of Eagle Bancorp Montana by 42.0% in the 4th quarter. AQR Capital Management LLC now owns 32,796 shares of the bank’s stock valued at $653,000 after purchasing an additional 9,708 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Eagle Bancorp Montana by 225.3% during the 4th quarter. Royal Bank of Canada now owns 5,595 shares of the bank’s stock worth $111,000 after buying an additional 3,875 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Eagle Bancorp Montana by 4.5% in the 4th quarter. Barclays PLC now owns 45,772 shares of the bank’s stock valued at $911,000 after acquiring an additional 1,980 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

(Get Free Report)

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.

See Also

Earnings History for Eagle Bancorp Montana (NASDAQ:EBMT)

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