Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Declares Quarterly Dividend of $0.14

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.142 per share by the bank on Friday, December 6th. This represents a $0.57 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, November 15th.

Eagle Bancorp Montana has raised its dividend payment by an average of 13.0% per year over the last three years and has increased its dividend every year for the last 14 years. Eagle Bancorp Montana has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Bancorp Montana to earn $1.64 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 34.8%.

Eagle Bancorp Montana Stock Performance

EBMT traded down $0.06 during trading on Wednesday, hitting $16.80. The stock had a trading volume of 2,652 shares, compared to its average volume of 10,386. Eagle Bancorp Montana has a twelve month low of $11.26 and a twelve month high of $17.65. The firm has a market capitalization of $134.69 million, a P/E ratio of 15.10 and a beta of 0.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94. The company's 50-day moving average price is $15.65 and its 200 day moving average price is $14.12.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. On average, equities research analysts forecast that Eagle Bancorp Montana will post 1.07 EPS for the current fiscal year.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares in the company, valued at approximately $873,064.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 9,079 shares of company stock valued at $129,171 in the last 90 days. 6.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on EBMT shares. StockNews.com began coverage on shares of Eagle Bancorp Montana in a research report on Sunday, September 15th. They set a "hold" rating on the stock. Hovde Group started coverage on shares of Eagle Bancorp Montana in a research report on Friday, July 5th. They set a "market perform" rating and a $13.50 price target for the company.

Eagle Bancorp Montana Company Profile

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.