Wall Street brokerages expect Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) to post $9.80 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Eagle Bancorp Montana’s earnings, with estimates ranging from $9.80 million to $9.81 million. Eagle Bancorp Montana posted sales of $10.16 million in the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The company is expected to report its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Eagle Bancorp Montana will report full year sales of $9.80 million for the current year, with estimates ranging from $38.00 million to $38.08 million. For the next financial year, analysts expect that the firm will report sales of $43.66 million per share, with estimates ranging from $42.72 million to $44.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Eagle Bancorp Montana.
Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Monday, October 23rd. The bank reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $10.15 million for the quarter, compared to the consensus estimate of $10.00 million. Eagle Bancorp Montana had a return on equity of 8.55% and a net margin of 11.85%.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. TheStreet downgraded Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research report on Monday, July 24th.
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Eagle Bancorp Montana (NASDAQ EBMT) opened at 19.90 on Friday. The firm has a market cap of $75.84 million, a P/E ratio of 15.31 and a beta of 0.35. The stock has a 50 day moving average price of $18.74 and a 200-day moving average price of $18.51. Eagle Bancorp Montana has a one year low of $14.90 and a one year high of $24.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Saturday, November 11th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, November 9th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 27.91%.
Eagle Bancorp Montana declared that its Board of Directors has authorized a stock buyback plan on Friday, July 21st that authorizes the company to repurchase 100,000 shares. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Kennedy Capital Management Inc. purchased a new position in shares of Eagle Bancorp Montana in the second quarter valued at $558,000. US Bancorp DE purchased a new position in shares of Eagle Bancorp Montana in the second quarter valued at $251,000. Context BH Capital Management LP grew its position in shares of Eagle Bancorp Montana by 43.7% in the second quarter. Context BH Capital Management LP now owns 21,851 shares of the bank’s stock valued at $396,000 after purchasing an additional 6,649 shares in the last quarter. Morgan Dempsey Capital Management LLC purchased a new position in shares of Eagle Bancorp Montana in the second quarter valued at $583,000. Finally, Advisor Group Inc. grew its position in shares of Eagle Bancorp Montana by 148.5% in the second quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock valued at $252,000 after purchasing an additional 8,315 shares in the last quarter. Institutional investors own 24.66% of the company’s stock.
Eagle Bancorp Montana Company Profile
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.
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