Eagle Bancorp Montana (NASDAQ:EBMT) Posts Quarterly Earnings Results, Beats Estimates By $0.25 EPS
Eagle Bancorp Montana (NASDAQ:EBMT) issued its quarterly earnings results on Tuesday. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.25, Bloomberg Earnings reports. The company had revenue of $24.12 million during the quarter, compared to analysts’ expectations of $20.30 million. Eagle Bancorp Montana had a net margin of 18.85% and a return on equity of 13.65%.
Shares of NASDAQ:EBMT traded down $0.03 during midday trading on Friday, hitting $16.00. The stock had a trading volume of 82 shares, compared to its average volume of 15,546. Eagle Bancorp Montana has a 12 month low of $11.74 and a 12 month high of $22.98. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.89. The business’s 50-day simple moving average is $16.71 and its 200-day simple moving average is $17.85. The company has a market cap of $109.12 million, a P/E ratio of 6.77 and a beta of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be paid a $0.0975 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.10. This represents a $0.39 annualized dividend and a dividend yield of 2.44%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 19.49%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a research note on Monday, July 13th. DA Davidson raised their price target on shares of Eagle Bancorp Montana from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Finally, ValuEngine cut shares of Eagle Bancorp Montana from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.50.
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 in Montana. The company accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.
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