Eagle Bancorp Montana, Inc. (EBMT) To Go Ex-Dividend on August 14th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Thursday, July 16th. Investors of record on Friday, August 14th will be paid a dividend of 0.1475 per share by the bank on Friday, September 4th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th. This is a 1.7% increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a dividend payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Eagle Bancorp Montana to earn $2.16 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 27.3%.

Eagle Bancorp Montana Stock Up 0.4%

Shares of NASDAQ EBMT opened at $23.49 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a market cap of $187.22 million, a P/E ratio of 11.51 and a beta of 0.35. Eagle Bancorp Montana has a 52 week low of $15.80 and a 52 week high of $24.66. The business has a 50-day simple moving average of $23.42 and a two-hundred day simple moving average of $22.39.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $24.16 million during the quarter, compared to analysts’ expectations of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%. Research analysts anticipate that Eagle Bancorp Montana will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EBMT shares. Hovde Group increased their price objective on Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. Finally, DA Davidson increased their target price on Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Eagle Bancorp Montana has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.