Eagle Bancorp Montana, Inc. (EBMT) To Go Ex-Dividend on February 14th

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 paid a dividend of 0.1425 per share by the bank on Friday, March 7th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.74%. 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 payment by an average of 8.3% annually over the last three years and has increased its dividend annually for the last 14 consecutive 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 $1.77 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 32.2%.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT opened at $15.25 on Friday. The stock has a 50 day simple moving average of $15.85 and a 200 day simple moving average of $15.53. The stock has a market cap of $122.31 million, a P/E ratio of 12.30 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 current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. Research analysts anticipate that Eagle Bancorp Montana will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total transaction of $84,850.00. Following the completion of the sale, the director now directly owns 57,838 shares in the company, valued at $981,510.86. This represents a 7.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.