Eagle Bancorp Montana (NASDAQ:EBMT) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Eagle Bancorp Montana (NASDAQ:EBMT) released its quarterly earnings data on Tuesday. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13, Zacks reports. The business had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $18.89 million. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%.

Eagle Bancorp Montana Trading Down 1.8%

NASDAQ EBMT opened at $21.30 on Thursday. Eagle Bancorp Montana has a 52 week low of $14.87 and a 52 week high of $22.08. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.89. The stock’s 50 day moving average price is $19.13 and its two-hundred day moving average price is $17.65. The stock has a market capitalization of $169.34 million, a price-to-earnings ratio of 12.38 and a beta of 0.31.

Eagle Bancorp Montana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 13th will be given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 13th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 33.72%.

Analyst Ratings Changes

Several equities research analysts have issued reports on EBMT shares. Weiss Ratings restated a “buy (b-)” rating on shares of Eagle Bancorp Montana in a report on Monday, December 29th. DA Davidson boosted their price objective on Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Zacks Research downgraded shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.00.

Institutional Trading of Eagle Bancorp Montana

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in Eagle Bancorp Montana during the third quarter worth $25,000. Raymond James Financial Inc. bought a new position in shares of Eagle Bancorp Montana in the second quarter valued at $28,000. BNP Paribas Financial Markets increased its holdings in Eagle Bancorp Montana by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after buying an additional 664 shares during the last quarter. Jones Financial Companies Lllp raised its position in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after acquiring an additional 1,766 shares in the last quarter. Finally, State of Wyoming bought a new stake in Eagle Bancorp Montana during the second quarter worth $46,000. Institutional investors own 35.66% of the company’s stock.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.