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

Eagle Bancorp Montana (NASDAQ:EBMT) issued its quarterly earnings results on Tuesday. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04, Yahoo Finance reports. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%.

Eagle Bancorp Montana Trading Up 0.7 %

Shares of NASDAQ EBMT traded up $0.11 during mid-day trading on Wednesday, reaching $16.97. 181 shares of the company’s stock were exchanged, compared to its average volume of 10,374. The firm has a market capitalization of $136.05 million, a price-to-earnings ratio of 15.15 and a beta of 0.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94. Eagle Bancorp Montana has a 52-week low of $11.26 and a 52-week high of $17.65. The company’s 50-day moving average is $15.65 and its 200-day moving average is $14.12.

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.142 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is presently 50.89%.

Analysts Set New Price Targets

Several brokerages have issued reports on EBMT. StockNews.com began coverage on Eagle Bancorp Montana in a report on Sunday, September 15th. They issued a “hold” rating for the company. Hovde Group began coverage on Eagle Bancorp Montana in a report on Friday, July 5th. They issued a “market perform” rating and a $13.50 target price for the company.

Insider Transactions at Eagle Bancorp Montana

In other news, Director Peter Joseph Johnson sold 7,374 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares in the company, valued at approximately $873,064.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 9,079 shares of company stock worth $129,171. 6.70% of the stock is currently owned by company insiders.

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.