Equities Analysts Set Expectations for Eagle Bancorp Montana, Inc.’s Q3 2024 Earnings (NASDAQ:EBMT)

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) – Equities research analysts at DA Davidson issued their Q3 2024 earnings per share estimates for shares of Eagle Bancorp Montana in a report issued on Thursday, July 25th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $0.32 per share for the quarter. The consensus estimate for Eagle Bancorp Montana’s current full-year earnings is $1.27 per share. DA Davidson also issued estimates for Eagle Bancorp Montana’s FY2024 earnings at $1.10 EPS and FY2025 earnings at $1.55 EPS.

A number of other analysts also recently issued reports on EBMT. StockNews.com started coverage on shares of Eagle Bancorp Montana in a report on Sunday, July 21st. They issued a “hold” rating on the stock. Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a research note on Friday, July 5th. They issued a “market perform” rating and a $13.50 price target on the stock.

Eagle Bancorp Montana Stock Performance

Shares of Eagle Bancorp Montana stock opened at $14.72 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $118.05 million, a price-to-earnings ratio of 13.14 and a beta of 0.54. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65. The stock’s 50-day moving average is $13.29 and its 200-day moving average is $13.31.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The company had revenue of $30.09 million for the quarter, compared to analyst estimates of $20.50 million. Eagle Bancorp Montana had a return on equity of 5.11% and a net margin of 7.06%.

Institutional Investors Weigh In On Eagle Bancorp Montana

Large investors have recently added to or reduced their stakes in the business. John G Ullman & Associates Inc. increased its holdings in shares of Eagle Bancorp Montana by 23.5% in the fourth quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after purchasing an additional 4,836 shares during the last quarter. TNF LLC raised its holdings in Eagle Bancorp Montana by 4.2% in the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after acquiring an additional 1,539 shares during the period. Empowered Funds LLC lifted its position in Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Eagle Bancorp Montana by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after acquiring an additional 1,075 shares during the period. Institutional investors own 35.66% of the company’s stock.

Insider Transactions at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 2,954 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the transaction, the director now directly owns 71,139 shares in the company, valued at $939,746.19. The sale was disclosed in a filing with the SEC, which is available through this link. 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 Monday, May 20th. The stock was sold at an average price of $12.98, for a total transaction of $129,800.00. Following the transaction, the director now owns 156,039 shares of the company’s stock, valued at $2,025,386.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter Joseph Johnson sold 2,954 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the sale, the director now directly owns 71,139 shares of the company’s stock, valued at $939,746.19. The disclosure for this sale can be found here. Insiders have sold a total of 14,405 shares of company stock worth $187,859 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.

Eagle Bancorp Montana Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.142 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is currently 50.00%.

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.