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

Eagle Bancorp Montana (NASDAQ:EBMT) issued its earnings results on Tuesday. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04, Yahoo Finance reports. The business had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $20.60 million. Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.07%.

Eagle Bancorp Montana Price Performance

EBMT stock opened at $16.80 on Thursday. The firm has a 50 day simple moving average of $15.71 and a two-hundred day simple moving average of $14.14. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $134.69 million, a PE ratio of 15.00 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.142 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is currently 50.89%.

Insider Buying and Selling

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 value of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares in the company, valued at approximately $873,064.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 9,079 shares of company stock worth $129,171. Corporate insiders own 6.70% of the company’s stock.

Analyst Upgrades and Downgrades

EBMT has been the subject of a number of recent analyst reports. Hovde Group assumed 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 assumed coverage on shares of Eagle Bancorp Montana in a report 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.