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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMTGet Free Report) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.1425 per share by the bank on Friday, March 7th. This represents a $0.57 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has increased its dividend payment by an average of 8.3% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Bancorp Montana to earn $1.57 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 36.3%.

Eagle Bancorp Montana Stock Up 0.1 %

EBMT stock opened at $15.00 on Thursday. Eagle Bancorp Montana has a 12 month low of $12.32 and a 12 month high of $17.62. The firm has a market cap of $120.30 million, a PE ratio of 13.89 and a beta of 0.53. The firm has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $15.53. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93.

Eagle Bancorp Montana (NASDAQ:EBMTGet Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. Equities research analysts forecast that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a research note on Wednesday.

View Our Latest Stock Analysis on EBMT

Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the sale, the director now owns 57,838 shares in the company, valued at $981,510.86. This represents a 7.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth M. Walsh sold 6,705 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $16.44, for a total transaction of $110,230.20. Following the completion of the sale, the director now owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,795 shares of company stock worth $213,610. 6.70% of the stock is owned by corporate insiders.

Eagle Bancorp Montana Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Eagle Bancorp Montana (NASDAQ:EBMT)

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