Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) to Issue Dividend Increase – $0.14 Per Share

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.142 per share by the bank on Friday, September 6th. This represents a $0.57 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Friday, August 16th. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has raised its dividend payment by an average of 13.0% per year over the last three years and has increased its dividend every year for the last 14 years. Eagle Bancorp Montana has a dividend payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp Montana to earn $1.54 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 37.0%.

Eagle Bancorp Montana Stock Performance

Shares of EBMT stock opened at $13.33 on Wednesday. The stock has a market cap of $106.87 million, a PE ratio of 11.90 and a beta of 0.54. The stock has a 50-day moving average of $13.49 and a 200-day moving average of $13.18. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.91 and a quick ratio of 0.91. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The firm had revenue of $30.09 million for the quarter, compared to analyst estimates of $20.50 million. Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.11%. As a group, sell-side analysts expect that Eagle Bancorp Montana will post 1.06 earnings per share for the current year.

Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of Eagle Bancorp Montana 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 transaction, the director now owns 71,139 shares of the company’s stock, valued at $939,746.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of Eagle Bancorp Montana 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 transaction, the director now owns 71,139 shares of the company’s stock, valued at $939,746.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $12.98, for a total transaction of $129,800.00. Following the completion of the transaction, the director now directly owns 156,039 shares in the company, valued at approximately $2,025,386.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,405 shares of company stock worth $187,859. 6.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EBMT. StockNews.com began coverage on shares of Eagle Bancorp Montana in a report on Wednesday. They set a “hold” rating for the company. Hovde Group began coverage on shares of Eagle Bancorp Montana in a report on Friday, July 5th. They set a “market perform” rating and a $13.50 price objective for the company.

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 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.