Eagle Bancorp Montana, Inc. (EBMT) to Issue Quarterly Dividend of $0.14 on March 7th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.1425 per share by the bank on Friday, March 7th. This represents a $0.57 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, February 14th. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has raised its dividend by an average of 8.3% per year over the last three years and has raised its dividend every year for the last 14 years. Eagle Bancorp Montana has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp Montana to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 32.9%.

Eagle Bancorp Montana Stock Up 1.0 %

Shares of EBMT stock opened at $15.35 on Wednesday. Eagle Bancorp Montana has a 1 year low of $12.32 and a 1 year high of $17.62. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. The business’s fifty day moving average is $15.52 and its 200-day moving average is $15.60. The stock has a market cap of $123.11 million, a PE ratio of 12.38 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. Equities analysts expect that Eagle Bancorp Montana will post 1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

Insider Activity

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total transaction of $151,100.00. Following the transaction, the director now owns 126,033 shares of the company’s stock, valued at $1,904,358.63. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Joseph Johnson sold 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the transaction, the director now owns 57,838 shares in the company, valued at $981,510.86. This represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

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 to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.