Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) to Issue Quarterly Dividend of $0.14

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.142 per share by the bank on Friday, December 6th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, November 15th.

Eagle Bancorp Montana has raised its dividend by an average of 13.0% annually over the last three years and has raised its dividend every year for the last 14 years. Eagle Bancorp Montana has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp Montana to earn $1.64 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 34.8%.

Eagle Bancorp Montana Stock Performance

NASDAQ EBMT traded up $0.11 on Wednesday, hitting $16.97. 262 shares of the stock traded hands, compared to its average volume of 10,374. Eagle Bancorp Montana has a 12 month low of $11.26 and a 12 month high of $17.65. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94. The business’s fifty day moving average is $15.65 and its two-hundred day moving average is $14.12. The firm has a market capitalization of $136.05 million, a price-to-earnings ratio of 15.15 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $20.60 million. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. As a group, equities analysts anticipate that Eagle Bancorp Montana will post 1.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the sale, the director now directly owns 61,139 shares in the company, valued at $873,064.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 9,079 shares of company stock worth $129,171 in the last quarter. 6.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a research note on Friday, July 5th. They set a “market perform” rating and a $13.50 price target on the stock. StockNews.com assumed coverage on Eagle Bancorp Montana in a research report on Sunday, September 15th. They set a “hold” rating on the stock.

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.