Eagle Bancorp Montana, Inc. (EBMT) To Go Ex-Dividend on August 16th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Tuesday, July 23rd, Zacks reports. Stockholders 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 dividend yield of 4.00%. The ex-dividend date of this dividend 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% annually over the last three years and has raised its dividend every year for the last 13 years. Eagle Bancorp Montana has a dividend payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.56 annual dividend with an expected future payout ratio of 34.1%.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT opened at $14.20 on Thursday. The firm has a market cap of $113.88 million, a PE ratio of 12.68 and a beta of 0.54. Eagle Bancorp Montana has a fifty-two week low of $11.26 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day moving average price of $13.26 and a 200-day moving average price of $13.30.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The business had revenue of $30.09 million for the quarter, compared to the consensus estimate of $20.50 million. Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.11%. Equities research analysts predict that Eagle Bancorp Montana will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

EBMT has been the subject of a number of recent analyst reports. Hovde Group initiated coverage on Eagle Bancorp Montana in a report on Friday, July 5th. They set a “market perform” rating and a $13.50 target price for the company. StockNews.com began coverage on Eagle Bancorp Montana in a report on Sunday. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the transaction, the director now owns 71,139 shares in the company, valued at $939,746.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Peter Joseph Johnson sold 2,954 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $13.21, for a total transaction of $39,022.34. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $12.98, for a total value 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 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 owned by corporate 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.