Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Plans Dividend Increase – $0.14 Per Share

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.142 per share by the bank on Friday, September 6th. This represents a $0.57 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has increased its dividend by an average of 13.0% per year over the last three years and has raised its dividend every year for the last 14 years. Eagle Bancorp Montana has a payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp Montana to earn $1.54 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 37.0%.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT opened at $13.25 on Thursday. The company has a 50-day moving average of $13.49 and a 200-day moving average of $13.18. The firm has a market cap of $106.23 million, a price-to-earnings ratio of 11.83 and a beta of 0.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.40. Eagle Bancorp Montana has a twelve month low of $11.26 and a twelve month high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). The firm had revenue of $30.09 million for the quarter, compared to analysts’ expectations of $20.50 million. Eagle Bancorp Montana had a return on equity of 5.11% and a net margin of 7.06%. Analysts forecast that Eagle Bancorp Montana will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EBMT has been the subject of several recent research reports. Hovde Group started coverage on Eagle Bancorp Montana in a research note on Friday, July 5th. They issued a “market perform” rating and a $13.50 price target for the company. StockNews.com assumed coverage on shares of Eagle Bancorp Montana in a research note on Wednesday. They issued a “hold” rating for the company.

Insider Activity at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $12.98, for a total value of $129,800.00. Following the sale, the director now owns 156,039 shares of the company’s stock, valued at $2,025,386.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the sale, the director now directly owns 71,139 shares in the company, valued at $939,746.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $12.98, for a total value of $129,800.00. Following the completion of the sale, the director now directly owns 156,039 shares in the company, valued at approximately $2,025,386.22. The disclosure for this sale can be found here. Insiders sold a total of 14,405 shares of company stock worth $187,859 in the last 90 days. 6.70% of the stock is 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.