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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.1425 per share by the bank on Friday, March 7th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change 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 raised its dividend every year for the last 14 years. Eagle Bancorp Montana has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Research 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 traded up $0.01 during trading on Wednesday, reaching $15.00. 17,881 shares of the stock traded hands, compared to its average volume of 20,418. Eagle Bancorp Montana has a fifty-two week low of $12.32 and a fifty-two week high of $17.62. The stock’s 50-day simple moving average is $15.91 and its two-hundred day simple moving average is $15.54. The stock has a market cap of $120.30 million, a price-to-earnings ratio of 13.89 and a beta of 0.53. 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:EBMT) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%. As a group, equities research analysts expect that Eagle Bancorp Montana will post 1.1 EPS for the current year.

Insider Transactions at Eagle Bancorp Montana

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

Analyst Ratings Changes

Separately, StockNews.com lowered Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.