Eagle Bancorp Montana, Inc. (EBMT) Announces Quarterly Dividend of $0.09
Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Stockholders of record on Saturday, November 11th will be paid a dividend of 0.09 per share by the bank on Friday, December 1st. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, November 9th.
Shares of Eagle Bancorp Montana (EBMT) traded up 1.79% during mid-day trading on Tuesday, hitting $19.95. 11,256 shares of the stock traded hands. The stock has a 50-day moving average of $18.63 and a 200 day moving average of $18.49. Eagle Bancorp Montana has a one year low of $14.80 and a one year high of $24.00. The stock has a market cap of $76.03 million, a PE ratio of 15.35 and a beta of 0.35.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Friday, July 21st. The bank reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.11). The business had revenue of $9.45 million for the quarter, compared to analysts’ expectations of $9.60 million. Eagle Bancorp Montana had a net margin of 12.06% and a return on equity of 8.36%. Equities analysts predict that Eagle Bancorp Montana will post $1.22 EPS for the current fiscal year.
Eagle Bancorp Montana declared that its Board of Directors has initiated a stock buyback program on Friday, July 21st that permits the company to buyback 100,000 outstanding shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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 objective on the stock in a research note on Tuesday, September 26th. TheStreet cut Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research note on Monday, July 24th.
A hedge fund recently raised its stake in Eagle Bancorp Montana stock. Vanguard Group Inc. boosted its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,873 shares of the bank’s stock after buying an additional 1,723 shares during the period. Vanguard Group Inc. owned 1.23% of Eagle Bancorp Montana worth $848,000 as of its most recent SEC filing. 24.66% of the stock is currently owned by institutional investors and hedge funds.
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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