Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Expected to Post FY2024 Earnings of $1.30 Per Share

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) – Research analysts at DA Davidson decreased their FY2024 earnings per share estimates for shares of Eagle Bancorp Montana in a research report issued on Wednesday, April 24th. DA Davidson analyst J. Rulis now expects that the bank will earn $1.30 per share for the year, down from their previous estimate of $1.80. The consensus estimate for Eagle Bancorp Montana’s current full-year earnings is $1.80 per share.

Separately, Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a research note on Monday, April 22nd. They issued a “market perform” rating and a $14.00 target price on the stock.

Eagle Bancorp Montana Price Performance

Shares of EBMT stock opened at $12.78 on Friday. The firm has a market cap of $102.50 million, a price-to-earnings ratio of 11.41 and a beta of 0.53. Eagle Bancorp Montana has a 12 month low of $11.26 and a 12 month high of $17.65. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $12.83 and a 200 day moving average price of $13.16.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $30.35 million for the quarter, compared to analyst estimates of $22.10 million. Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.34%.

Eagle Bancorp Montana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, May 16th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 50.00%.

Institutional Investors Weigh In On Eagle Bancorp Montana

A number of institutional investors have recently made changes to their positions in the stock. John G Ullman & Associates Inc. boosted its stake in Eagle Bancorp Montana by 5.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock worth $243,000 after acquiring an additional 1,109 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Eagle Bancorp Montana in the third quarter worth $565,000. Brandes Investment Partners LP boosted its position in shares of Eagle Bancorp Montana by 23.5% during the third quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock worth $1,164,000 after purchasing an additional 18,741 shares in the last quarter. Finally, TNF LLC grew its holdings in shares of Eagle Bancorp Montana by 4.2% in the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after buying an additional 1,539 shares during the period. 35.66% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Montana Company Profile

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.