Eagle Bancorp Montana (NASDAQ:EBMT) Announces Earnings Results

Eagle Bancorp Montana (NASDAQ:EBMT) issued its quarterly 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. Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.07%. The business had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million.

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ:EBMT traded down $0.10 during midday trading on Thursday, reaching $16.70. The company’s stock had a trading volume of 12,398 shares, compared to its average volume of 10,398. The firm has a market capitalization of $133.88 million, a PE ratio of 15.46 and a beta of 0.53. Eagle Bancorp Montana has a twelve month low of $11.26 and a twelve month high of $17.65. The stock has a fifty day moving average of $15.76 and a 200 day moving average of $14.15. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61.

Eagle Bancorp Montana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.142 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.40%. Eagle Bancorp Montana’s payout ratio is currently 52.78%.

Insider Transactions at Eagle Bancorp Montana

In other news, Director Peter Joseph Johnson sold 7,374 shares of the stock in a transaction 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 sale, the director now owns 61,139 shares in the company, valued at $873,064.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 9,079 shares of company stock worth $129,171 over the last 90 days. 6.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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