Eagle Bancorp Montana, Inc. (EBMT) to Distribute Quarterly Dividend of $0.15 on December 4th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 13th will be given a dividend of $0.1475 per share by the bank on Friday, December 4th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 13th.

Eagle Bancorp Montana has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp Montana to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 25.8%.

Eagle Bancorp Montana Stock Down 0.8%

EBMT opened at $20.58 on Wednesday. The stock has a market capitalization of $164.02 million, a P/E ratio of 10.50 and a beta of 0.37. Eagle Bancorp Montana has a one year low of $15.80 and a one year high of $24.66. The business’s 50-day simple moving average is $21.44 and its 200-day simple moving average is $22.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.94 and a current ratio of 0.95.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, October 27th. The bank reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.16). The firm had revenue of $25.08 million during the quarter, compared to analyst estimates of $24.50 million. Eagle Bancorp Montana had a net margin of 12.03% and a return on equity of 7.98%. Analysts anticipate that Eagle Bancorp Montana will post 1.93 EPS for the current year.

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management increased its stake in shares of Eagle Bancorp Montana by 11.7% during the third quarter. Ritholtz Wealth Management now owns 77,773 shares of the bank’s stock worth $1,638,000 after acquiring an additional 8,140 shares during the period. Allied Investment Advisors LLC raised its holdings in Eagle Bancorp Montana by 9.5% during the third quarter. Allied Investment Advisors LLC now owns 32,502 shares of the bank’s stock worth $684,000 after purchasing an additional 2,833 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Eagle Bancorp Montana by 10.6% during the 2nd quarter. Squarepoint Ops LLC now owns 21,862 shares of the bank’s stock worth $523,000 after buying an additional 2,090 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Eagle Bancorp Montana in the 2nd quarter valued at approximately $961,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Eagle Bancorp Montana in the 2nd quarter valued at approximately $180,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc. was a Montana-based bank holding company that operated through its subsidiary, Opportunity Bank of Montana. The company provided community banking services to individuals, families, small businesses and commercial customers across Montana. Opportunity Bank offered deposit accounts, residential mortgage lending, consumer loans, commercial real estate financing, business loans and other banking products. Its services also included online and mobile banking, along with traditional branch-based banking.