Eagle Bancorp Montana, Inc. (EBMT) Issues Quarterly Earnings Results
Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) posted its earnings results on Monday. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11, Zacks reports. The company had revenue of $10.15 million during the quarter, compared to analysts’ expectations of $10.00 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.06%.
Shares of Eagle Bancorp Montana (NASDAQ EBMT) traded up 1.79% during midday trading on Tuesday, hitting $19.95. The stock had a trading volume of 11,256 shares. The stock has a market cap of $76.03 million, a P/E ratio of 15.35 and a beta of 0.35. The stock has a 50-day moving average price of $18.67 and a 200-day moving average price of $18.50. Eagle Bancorp Montana has a 12-month low of $14.90 and a 12-month high of $24.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Saturday, November 11th will be paid a $0.09 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. Eagle Bancorp Montana’s payout ratio is presently 27.69%.
Eagle Bancorp Montana announced that its Board of Directors has authorized a share buyback plan on Friday, July 21st that permits the company to repurchase 100,000 shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
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Several research firms have issued reports on EBMT. Zacks Investment Research cut Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 18th. TheStreet cut Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research note on Monday, July 24th.
An institutional investor recently raised its position in Eagle Bancorp Montana stock. Vanguard Group Inc. boosted its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,873 shares of the bank’s stock after purchasing an additional 1,723 shares during the period. Vanguard Group Inc. owned approximately 1.23% of Eagle Bancorp Montana worth $848,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 24.66% of the company’s stock.
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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