Eagle Bancorp Montana (NASDAQ:EBMT) Announces Earnings Results, Misses Expectations By $0.06 EPS

Eagle Bancorp Montana (NASDAQ:EBMT) issued its quarterly earnings results on Tuesday. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06), Zacks reports. The business had revenue of $30.09 million for the quarter, compared to the consensus estimate of $20.50 million. Eagle Bancorp Montana had a return on equity of 5.29% and a net margin of 7.39%.

Eagle Bancorp Montana Stock Performance

Shares of EBMT traded up $0.15 during mid-day trading on Wednesday, hitting $14.30. The stock had a trading volume of 9,293 shares, compared to its average volume of 8,887. The firm has a market cap of $114.69 million, a P/E ratio of 12.63 and a beta of 0.54. The business has a fifty day moving average price of $13.24 and a 200-day moving average price of $13.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.91 and a quick ratio of 0.91. Eagle Bancorp Montana has a 52 week low of $11.26 and a 52 week high of $17.65.

Eagle Bancorp Montana Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $0.142 dividend. The ex-dividend date is Friday, August 16th. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 3.97%. Eagle Bancorp Montana’s payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of analysts recently commented on EBMT shares. StockNews.com started coverage on Eagle Bancorp Montana in a report on Sunday. They set a “hold” rating on the stock. Hovde Group started coverage on Eagle Bancorp Montana in a report on Friday, July 5th. They set a “market perform” rating and a $13.50 price target on the stock.

Insider Buying and Selling at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $12.98, for a total value of $129,800.00. Following the sale, the director now directly owns 156,039 shares in the company, valued at $2,025,386.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Peter Joseph Johnson sold 2,954 shares of Eagle Bancorp Montana stock in a transaction on Friday, May 24th. The stock was sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the transaction, the director now directly owns 71,139 shares in the company, valued at $939,746.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction on Monday, May 20th. The shares were sold at an average price of $12.98, for a total value of $129,800.00. Following the completion of the transaction, the director now owns 156,039 shares of the company’s stock, valued at $2,025,386.22. The disclosure for this sale can be found here. Insiders have sold a total of 14,405 shares of company stock worth $187,859 over the last ninety days. 6.70% of the stock is currently owned by company insiders.

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.