Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) – Stock analysts at FIG Partners upped their Q4 2018 earnings per share (EPS) estimates for Eagle Bancorp Montana in a research note issued on Thursday. FIG Partners analyst T. Coffey now anticipates that the bank will post earnings per share of $0.52 for the quarter, up from their prior forecast of $0.44. FIG Partners also issued estimates for Eagle Bancorp Montana’s Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.48 EPS and FY2019 earnings at $2.03 EPS.
Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.11). Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.06%. The business had revenue of $9.45 million for the quarter, compared to analyst estimates of $9.60 million. COPYRIGHT VIOLATION WARNING: This story was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://sportsperspectives.com/2017/09/13/eagle-bancorp-montana-inc-to-post-q4-2018-earnings-of-0-52-per-share-fig-partners-forecasts-ebmt.html.
A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of Eagle Bancorp Montana from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 26th. TheStreet lowered shares of Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research report on Monday, July 24th.
Shares of Eagle Bancorp Montana (NASDAQ EBMT) traded down 0.55% on Monday, hitting $17.95. 1,087 shares of the stock traded hands. The firm’s 50 day moving average is $18.02 and its 200 day moving average is $18.70. Eagle Bancorp Montana has a 52 week low of $14.20 and a 52 week high of $24.00. The firm has a market capitalization of $68.41 million, a PE ratio of 13.81 and a beta of 0.36.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Naples Global Advisors LLC increased its holdings in Eagle Bancorp Montana by 0.5% during the second quarter. Naples Global Advisors LLC now owns 20,150 shares of the bank’s stock worth $365,000 after buying an additional 100 shares during the last quarter. Stockman Wealth Management Inc. increased its holdings in Eagle Bancorp Montana by 8.7% during the first quarter. Stockman Wealth Management Inc. now owns 16,283 shares of the bank’s stock worth $324,000 after buying an additional 1,300 shares during the last quarter. Vanguard Group Inc. increased its holdings in Eagle Bancorp Montana by 3.8% during the second quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock worth $848,000 after buying an additional 1,723 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Eagle Bancorp Montana by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 201,960 shares of the bank’s stock worth $3,655,000 after buying an additional 4,395 shares during the last quarter. Finally, Context BH Capital Management LP increased its holdings in 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 worth $396,000 after buying an additional 6,649 shares during the last quarter. Institutional investors and hedge funds own 31.47% of the company’s stock.
Eagle Bancorp Montana declared that its board has approved a stock buyback plan on Friday, July 21st that authorizes the company to repurchase 100,000 outstanding shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.99%. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, August 9th. Eagle Bancorp Montana’s payout ratio is presently 27.69%.
Eagle Bancorp Montana Company Profile
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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