Eagle Bancorp Montana Inc (EBMT) Expected to Post Earnings of $0.26 Per Share

Wall Street brokerages expect Eagle Bancorp Montana Inc (NASDAQ:EBMT) to report earnings of $0.26 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Eagle Bancorp Montana’s earnings. Eagle Bancorp Montana reported earnings of $0.27 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The company is expected to announce its next quarterly earnings report on Friday, July 20th.

According to Zacks, analysts expect that Eagle Bancorp Montana will report full year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.25. For the next year, analysts forecast that the company will post earnings of $1.69 per share, with EPS estimates ranging from $1.50 to $1.88. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Eagle Bancorp Montana.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.10). Eagle Bancorp Montana had a net margin of 9.04% and a return on equity of 7.25%. The business had revenue of $9.53 million for the quarter, compared to the consensus estimate of $12.68 million.

Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. ValuEngine lowered Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Finally, FIG Partners reaffirmed an “outperform” rating on shares of Eagle Bancorp Montana in a research note on Thursday, April 26th.

EBMT stock traded down $0.20 during mid-day trading on Friday, hitting $19.15. 3,000 shares of the stock were exchanged, compared to its average volume of 4,468. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.04. Eagle Bancorp Montana has a 12 month low of $17.35 and a 12 month high of $21.95. The firm has a market cap of $107.57 million, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.68 and a beta of 0.30.

The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, May 10th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 28.35%.

In other news, Director Rick Hays purchased 2,500 shares of the company’s stock in a transaction on Monday, May 7th. The stock was purchased at an average price of $19.79 per share, with a total value of $49,475.00. Following the completion of the purchase, the director now directly owns 24,601 shares in the company, valued at approximately $486,853.79. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Peter Joseph Johnson sold 5,697 shares of Eagle Bancorp Montana stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $19.66, for a total value of $112,003.02. Following the sale, the chief executive officer now directly owns 94,326 shares of the company’s stock, valued at approximately $1,854,449.16. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Glacier Peak Capital LLC increased its holdings in shares of Eagle Bancorp Montana by 1.6% in the first quarter. Glacier Peak Capital LLC now owns 392,786 shares of the bank’s stock worth $8,150,000 after buying an additional 6,186 shares during the period. Maltese Capital Management LLC increased its holdings in shares of Eagle Bancorp Montana by 14.3% in the first quarter. Maltese Capital Management LLC now owns 200,000 shares of the bank’s stock worth $4,150,000 after buying an additional 25,000 shares during the period. Thomson Horstmann & Bryant Inc. increased its holdings in shares of Eagle Bancorp Montana by 6.5% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 103,367 shares of the bank’s stock worth $2,144,000 after buying an additional 6,268 shares during the period. Deutsche Bank AG increased its holdings in shares of Eagle Bancorp Montana by 37.9% in the fourth quarter. Deutsche Bank AG now owns 13,333 shares of the bank’s stock worth $279,000 after buying an additional 3,664 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Eagle Bancorp Montana by 58.8% in the fourth quarter. Renaissance Technologies LLC now owns 41,600 shares of the bank’s stock worth $872,000 after buying an additional 15,400 shares during the period. 44.19% of the stock is owned by hedge funds and other institutional investors.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services in Montana. The company offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats.

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Earnings History and Estimates for Eagle Bancorp Montana (NASDAQ:EBMT)

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