$0.31 EPS Expected for Eagle Bancorp Montana, Inc. (EBMT) This Quarter
Analysts predict that Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) will report earnings per share of $0.31 for the current quarter, Zacks reports. Two analysts have made estimates for Eagle Bancorp Montana’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.26. Eagle Bancorp Montana posted earnings of $0.37 per share in the same quarter last year, which would suggest a negative year over year growth rate of 16.2%. The business is expected to issue its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that Eagle Bancorp Montana will report full year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.23. For the next fiscal year, analysts forecast that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.40 to $1.74. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Eagle Bancorp Montana.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The firm 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 8.55% and a net margin of 11.85%.
A number of brokerages have recently issued reports on EBMT. Zacks Investment Research cut Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. TheStreet downgraded shares of Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research report on Monday, July 24th.
Eagle Bancorp Montana (NASDAQ EBMT) opened at 19.95 on Wednesday. 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 has a 52-week low of $14.90 and a 52-week high of $24.00. The firm has a 50-day moving average price of $18.67 and a 200 day moving average price of $18.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Saturday, November 11th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. Eagle Bancorp Montana’s dividend payout ratio is 27.91%.
Eagle Bancorp Montana announced that its Board of Directors has approved a share buyback plan on Friday, July 21st that permits the company to buyback 100,000 outstanding shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
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Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE bought a new stake in Eagle Bancorp Montana during the second quarter valued at $251,000. Advisor Group Inc. raised its holdings in shares of Eagle Bancorp Montana by 148.5% during the second quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock valued at $252,000 after purchasing an additional 8,315 shares during the period. Naples Global Advisors LLC raised its holdings in shares of Eagle Bancorp Montana by 0.5% during the second quarter. Naples Global Advisors LLC now owns 20,150 shares of the bank’s stock valued at $365,000 after purchasing an additional 100 shares during the period. Context BH Capital Management LP raised its holdings in shares of Eagle Bancorp Montana by 43.7% during the second quarter. Context BH Capital Management LP now owns 21,851 shares of the bank’s stock valued at $396,000 after purchasing an additional 6,649 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Eagle Bancorp Montana by 76.8% during the first quarter. Dimensional Fund Advisors LP now owns 26,696 shares of the bank’s stock valued at $538,000 after purchasing an additional 11,593 shares during the period. 24.66% of the stock is currently owned by institutional investors and hedge funds.
About Eagle Bancorp Montana
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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