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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.1425 per share by the bank on Friday, March 7th. This represents a $0.57 annualized dividend and a dividend yield of 3.80%. 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 increased its dividend by an average of 8.3% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp Montana to earn $1.57 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 36.3%.

Eagle Bancorp Montana Price Performance

EBMT opened at $15.00 on Thursday. The company has a 50-day moving average of $15.88 and a 200-day moving average of $15.53. The company has a market capitalization of $120.30 million, a P/E ratio of 13.89 and a beta of 0.53. 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.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. Equities analysts expect that Eagle Bancorp Montana will post 1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $16.44, for a total transaction of $110,230.20. Following the completion of the transaction, the director now directly owns 141,033 shares of the company’s stock, valued at $2,318,582.52. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter Joseph Johnson sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.97, for a total transaction of $84,850.00. Following the transaction, the director now directly owns 57,838 shares of the company’s stock, valued at $981,510.86. The trade was a 7.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,795 shares of company stock valued at $213,610 in the last ninety days. Company insiders own 6.70% of the company’s 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.