Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Raises Dividend to $0.15 Per Share

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 14th will be given a dividend of 0.1475 per share by the bank on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, August 14th. This is a 1.7% increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Bancorp Montana to earn $2.15 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 27.0%.

Eagle Bancorp Montana Trading Down 1.3%

NASDAQ EBMT opened at $23.23 on Wednesday. The firm has a market capitalization of $185.05 million, a PE ratio of 11.73 and a beta of 0.35. The stock’s 50 day moving average is $23.12 and its 200 day moving average is $22.16. Eagle Bancorp Montana has a twelve month low of $15.50 and a twelve month high of $24.66. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $24.16 million during the quarter, compared to the consensus estimate of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%. Research analysts forecast that Eagle Bancorp Montana will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $22.83, for a total value of $228,300.00. Following the transaction, the director owned 82,260 shares in the company, valued at $1,877,995.80. The trade was a 10.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBMT. Russell Investments Group Ltd. purchased a new stake in shares of Eagle Bancorp Montana in the 3rd quarter worth $25,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana in the second quarter worth $28,000. BNP Paribas Financial Markets lifted its stake in Eagle Bancorp Montana by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after purchasing an additional 664 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $38,000 after buying an additional 1,766 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Eagle Bancorp Montana during the 2nd quarter valued at approximately $46,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

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.