FY2024 Earnings Forecast for Eagle Bancorp Montana, Inc. Issued By DA Davidson (NASDAQ:EBMT)

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

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

Several other equities research analysts also recently weighed in on the stock. StockNews.com assumed coverage on shares of Eagle Bancorp Montana in a research note on Thursday, December 28th. They set a “hold” rating on the stock. Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a research note on Monday. They set a “market perform” rating and a $14.00 target price on the stock.

Eagle Bancorp Montana Price Performance

Shares of EBMT opened at $12.86 on Friday. Eagle Bancorp Montana has a fifty-two week low of $11.26 and a fifty-two week high of $17.65. The firm’s 50 day moving average price is $12.84 and its 200 day moving average price is $13.15. The company has a market cap of $103.14 million, a P/E ratio of 11.48 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

Institutional Trading of Eagle Bancorp Montana

A number of large investors have recently bought and sold shares of the business. John G Ullman & Associates Inc. lifted its stake in shares of Eagle Bancorp Montana by 5.7% in 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 period. TNF LLC lifted its stake 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 worth $564,000 after acquiring an additional 1,539 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Eagle Bancorp Montana in the 3rd quarter valued at about $565,000. Finally, Brandes Investment Partners LP increased its holdings in Eagle Bancorp Montana by 23.5% during the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock valued at $1,164,000 after acquiring an additional 18,741 shares in the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Thursday, May 16th. Eagle Bancorp Montana’s dividend payout ratio is currently 50.00%.

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.