Eagle Bancorp Montana (NASDAQ:EBMT) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04, Yahoo Finance reports. The company had revenue of $31.74 million for the quarter, compared to the consensus estimate of $20.60 million. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%.

Eagle Bancorp Montana Price Performance

Shares of NASDAQ EBMT traded up $0.03 during mid-day trading on Wednesday, hitting $16.89. 1,396 shares of the stock were exchanged, compared to its average volume of 10,380. The company has a market cap of $135.41 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 stock's fifty day simple moving average is $15.65 and its two-hundred day simple moving average is $14.12. Eagle Bancorp Montana has a twelve month low of $11.26 and a twelve month high of $17.65.

Eagle Bancorp Montana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.142 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana's dividend payout ratio is presently 50.89%.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $14.28, for a total transaction of $105,300.72. Following the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 9,079 shares of company stock valued at $129,171 over the last ninety days. Insiders own 6.70% of the company's stock.

Analyst Ratings Changes

EBMT has been the subject of several research reports. StockNews.com initiated coverage on Eagle Bancorp Montana in a research report on Sunday, September 15th. They issued a "hold" rating for the company. Hovde Group began coverage on Eagle Bancorp Montana in a research note on Friday, July 5th. They set a "market perform" rating and a $13.50 target price on the stock.

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.