Eagle Bancorp Montana, Inc. (EBMT) To Go Ex-Dividend on May 15th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 15th will be paid a dividend of 0.145 per share by the bank on Friday, June 5th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, May 15th.

Eagle Bancorp Montana has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a dividend payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Bancorp Montana to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 26.4%.

Eagle Bancorp Montana Trading Down 0.0%

Shares of EBMT opened at $22.43 on Wednesday. The stock has a fifty day moving average price of $21.52 and a two-hundred day moving average price of $20.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 0.86. Eagle Bancorp Montana has a 52-week low of $15.10 and a 52-week high of $23.94. The company has a market cap of $178.65 million, a price-to-earnings ratio of 11.33 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $23.58 million during the quarter, compared to the consensus estimate of $23.05 million. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%. Analysts predict that Eagle Bancorp Montana will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Hovde Group lifted their target price on Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, April 30th. Zacks Research cut Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. DA Davidson lifted their target price on Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Eagle Bancorp Montana in a research note on Friday, April 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.50.

Eagle Bancorp Montana Company Profile

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.