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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.142 per share by the bank on Friday, December 6th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, November 15th.

Eagle Bancorp Montana has increased its dividend by an average of 13.0% annually over the last three years and has increased its dividend every year for the last 14 years. Eagle Bancorp Montana has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

NASDAQ EBMT traded up $0.11 on Wednesday, hitting $16.97. 181 shares of the stock traded hands, compared to its average volume of 10,374. The business’s fifty day moving average is $15.65 and its two-hundred day moving average is $14.12. Eagle Bancorp Montana has a 12 month low of $11.26 and a 12 month high of $17.65. The firm has a market capitalization of $136.05 million, a price-to-earnings ratio of 15.15 and a beta of 0.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. The firm had revenue of $31.74 million during the quarter, compared to analyst estimates of $20.60 million. As a group, equities analysts anticipate that Eagle Bancorp Montana will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Hovde Group initiated coverage on Eagle Bancorp Montana in a research report on Friday, July 5th. They issued a “market perform” rating and a $13.50 price objective on the stock. StockNews.com assumed coverage on Eagle Bancorp Montana in a research report on Sunday, September 15th. They set a “hold” rating on the stock.

Insider Buying and Selling

In related news, Director Peter Joseph Johnson sold 7,374 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 $873,064.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 9,079 shares of company stock worth $129,171 in the last three months. Insiders own 6.70% of the company’s stock.

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.