Analysts Expect Eagle Bancorp Montana, Inc. (EBMT) Will Announce Earnings of $0.39 Per Share
Equities research analysts expect Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) to post earnings per share of $0.39 for the current quarter, according to Zacks. Two analysts have made estimates for Eagle Bancorp Montana’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. Eagle Bancorp Montana reported earnings per share of $0.46 in the same quarter last year, which indicates a negative year over year growth rate of 15.2%. The company is expected to issue its next quarterly earnings results on Tuesday, October 24th.
On average, analysts expect that Eagle Bancorp Montana will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.23. For the next financial year, analysts anticipate that the business will report earnings of $1.74 per share. Zacks’ EPS averages are an average based on a survey of research analysts that cover Eagle Bancorp Montana.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.11). The company had revenue of $9.45 million for the quarter, compared to analyst estimates of $9.60 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.06%.
Several equities analysts recently issued reports on EBMT shares. Zacks Investment Research upgraded Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, September 26th. TheStreet cut Eagle Bancorp Montana from a “c-” rating to a “d” rating in a report on Monday, July 24th.
Eagle Bancorp Montana (NASDAQ:EBMT) traded up 1.06% during mid-day trading on Friday, reaching $19.00. The company’s stock had a trading volume of 1,200 shares. Eagle Bancorp Montana has a 12 month low of $14.35 and a 12 month high of $24.00. The stock’s 50 day moving average is $18.18 and its 200 day moving average is $18.57. The company has a market cap of $72.41 million, a price-to-earnings ratio of 14.62 and a beta of 0.35.
Eagle Bancorp Montana announced that its board has approved a share buyback program on Friday, July 21st that allows the company to buyback 100,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBMT. Morgan Dempsey Capital Management LLC acquired a new stake in Eagle Bancorp Montana in the 2nd quarter valued at approximately $583,000. Kennedy Capital Management Inc. acquired a new stake in Eagle Bancorp Montana in the 2nd quarter valued at approximately $558,000. US Bancorp DE acquired a new stake in Eagle Bancorp Montana in the 2nd quarter valued at approximately $251,000. Dimensional Fund Advisors LP raised its position in Eagle Bancorp Montana by 44.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock valued at $697,000 after buying an additional 11,804 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new stake in Eagle Bancorp Montana in the 1st quarter valued at approximately $202,000. 31.47% of the stock is currently owned by institutional investors.
Eagle Bancorp Montana Company Profile
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.
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