Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Investors of record on Saturday, November 11th will be paid a dividend of 0.09 per share by the bank on Friday, December 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, November 9th.
Shares of Eagle Bancorp Montana (NASDAQ EBMT) opened at 19.95 on Wednesday. The firm’s 50 day moving average is $18.67 and its 200-day moving average is $18.50. Eagle Bancorp Montana has a 1-year low of $14.90 and a 1-year high of $24.00. The company has a market cap of $76.03 million, a PE ratio of 15.35 and a beta of 0.35.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The firm had revenue of $10.15 million for the quarter, compared to analysts’ expectations of $10.00 million. Eagle Bancorp Montana had a net margin of 11.85% and a return on equity of 8.55%. Equities analysts expect that Eagle Bancorp Montana will post $1.22 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. TheStreet cut shares of Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research report on Monday, July 24th.
Eagle Bancorp Montana announced that its board has authorized a stock buyback plan on Friday, July 21st that authorizes the company to buyback 100,000 outstanding shares. This buyback authorization authorizes the bank to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
A hedge fund recently raised its stake in Eagle Bancorp Montana stock. Vanguard Group Inc. lifted its holdings in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 46,873 shares of the bank’s stock after purchasing an additional 1,723 shares during the period. Vanguard Group Inc. owned about 1.23% of Eagle Bancorp Montana worth $848,000 as of its most recent filing with the SEC. Institutional investors own 24.66% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This story was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://sportsperspectives.com/2017/10/25/eagle-bancorp-montana-inc-to-issue-quarterly-dividend-of-0-09-ebmt.html.
About Eagle Bancorp Montana
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.
Receive News & Ratings for Eagle Bancorp Montana Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Montana Inc. and related companies with MarketBeat.com's FREE daily email newsletter.