Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Plans $0.14 Quarterly Dividend

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 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, November 15th.

Eagle Bancorp Montana has increased its dividend by an average of 13.0% per year over the last three years and has raised its dividend annually for the last 14 consecutive 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 Up 0.7 %

Shares of Eagle Bancorp Montana stock traded up $0.11 during trading hours on Wednesday, reaching $16.97. The company’s stock had a trading volume of 262 shares, compared to its average volume of 10,374. 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 stock’s fifty day simple moving average is $15.65 and its two-hundred day simple moving average is $14.12. The company has a market capitalization of $136.05 million, a P/E ratio of 15.15 and a beta of 0.53. 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 released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $20.60 million. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. On average, research analysts forecast that Eagle Bancorp Montana will post 1.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 9,079 shares of company stock valued at $129,171 in the last 90 days. 6.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Hovde Group started coverage on Eagle Bancorp Montana in a report on Friday, July 5th. They set a “market perform” rating and a $13.50 price target for the company. StockNews.com began coverage on shares of Eagle Bancorp Montana in a research note on Sunday, September 15th. They issued a “hold” rating 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.