Eagle Bancorp Montana (NASDAQ:EBMT) Announces Earnings Results, Beats Expectations By $0.04 EPS

Eagle Bancorp Montana (NASDAQ:EBMT) released its quarterly earnings data on Tuesday. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04, Yahoo Finance reports. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 5.02%. The company had revenue of $31.74 million during the quarter, compared to the consensus estimate of $20.60 million.

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ:EBMT traded down $0.10 during trading on Friday, reaching $16.60. The company had a trading volume of 4,389 shares, compared to its average volume of 10,369. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.93. The stock’s fifty day moving average price is $15.76 and its 200 day moving average price is $14.15. Eagle Bancorp Montana has a fifty-two week low of $11.26 and a fifty-two week high of $17.65. The firm has a market capitalization of $133.13 million, a price-to-earnings ratio of 15.46 and a beta of 0.53.

Eagle Bancorp Montana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.142 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.57 dividend on an annualized basis and a yield of 3.42%. Eagle Bancorp Montana’s payout ratio is 52.78%.

Analyst Upgrades and Downgrades

Several research firms have commented on EBMT. Hovde Group began coverage on Eagle Bancorp Montana in a research report on Friday, July 5th. They set a “market perform” rating and a $13.50 price target 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 for the company.

Insider Activity at Eagle Bancorp Montana

In other news, Director Peter Joseph Johnson sold 7,374 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the completion of the sale, the director now directly owns 61,139 shares of the company’s stock, valued at $873,064.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have 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.