Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) – Analysts at DA Davidson raised their Q4 2017 earnings per share (EPS) estimates for shares of Eagle Bancorp Montana in a research note issued to investors on Tuesday, according to Zacks Investment Research. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $0.31 per share for the quarter, up from their prior forecast of $0.26.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. The business had revenue of $10.15 million for the quarter, compared to analyst estimates of $10.00 million. Eagle Bancorp Montana had a return on equity of 11.00% and a net margin of 16.96%.
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Several other analysts also recently commented on EBMT. Zacks Investment Research raised Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, September 26th. TheStreet cut Eagle Bancorp Montana from a “c-” rating to a “d” rating in a report on Monday, July 24th.
Eagle Bancorp Montana (NASDAQ EBMT) opened at $19.70 on Thursday. The firm has a market capitalization of $95.29, a price-to-earnings ratio of 14.78, a PEG ratio of 1.61 and a beta of 0.41. Eagle Bancorp Montana has a 12 month low of $15.80 and a 12 month high of $24.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.02 and a quick ratio of 0.99.
Eagle Bancorp Montana declared that its Board of Directors has approved a stock repurchase plan on Friday, July 21st that permits the company to buyback 100,000 shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Saturday, November 11th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, November 9th. Eagle Bancorp Montana’s dividend payout ratio is presently 27.91%.
Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Eagle Bancorp Montana by 76.8% in the first quarter. Dimensional Fund Advisors LP now owns 26,696 shares of the bank’s stock valued at $538,000 after buying an additional 11,593 shares in the last quarter. US Bancorp DE acquired a new stake in shares of Eagle Bancorp Montana in the second quarter valued at approximately $251,000. Naples Global Advisors LLC raised its position in shares of Eagle Bancorp Montana by 0.5% in the second quarter. Naples Global Advisors LLC now owns 20,150 shares of the bank’s stock valued at $365,000 after buying an additional 100 shares in the last quarter. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Eagle Bancorp Montana in the second quarter valued at approximately $583,000. Finally, Glacier Peak Capital LLC raised its position in shares of Eagle Bancorp Montana by 2.2% in the second quarter. Glacier Peak Capital LLC now owns 376,646 shares of the bank’s stock valued at $6,817,000 after buying an additional 8,178 shares in the last quarter. Institutional investors own 24.62% of the company’s stock.
About Eagle Bancorp Montana
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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