Eagle Bancorp Montana (NASDAQ:EBMT) Releases Earnings Results, Beats Expectations By $0.04 EPS

Eagle Bancorp Montana (NASDAQ:EBMT) issued its quarterly earnings data on Tuesday. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04, Yahoo Finance reports. The firm had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 5.02%.

Eagle Bancorp Montana Trading Down 0.6 %

NASDAQ:EBMT traded down $0.10 on Friday, reaching $16.60. 8,731 shares of the company’s stock were exchanged, compared to its average volume of 10,390. The business has a fifty day moving average of $15.76 and a 200-day moving average of $14.15. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. Eagle Bancorp Montana has a 52-week low of $11.26 and a 52-week high of $17.65. The firm has a market capitalization of $133.13 million, a price-to-earnings ratio of 15.46 and a beta of 0.53.

Eagle Bancorp Montana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.142 dividend. This represents a $0.57 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is currently 52.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Hovde Group started 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. StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a report on Sunday, September 15th. They issued a “hold” rating for the company.

Insider Activity

In related news, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 of the company’s stock, valued at $873,064.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 9,079 shares of company stock valued at $129,171. 6.70% of the stock is currently owned by company insiders.

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.