$10.00 Million in Sales Expected for Eagle Bancorp Montana, Inc. (EBMT) This Quarter
Equities research analysts forecast that Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) will post $10.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Eagle Bancorp Montana’s earnings, with estimates ranging from $9.90 million to $10.10 million. Eagle Bancorp Montana reported sales of $10.11 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The business is scheduled to issue its next earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Eagle Bancorp Montana will report full year sales of $10.00 million for the current year, with estimates ranging from $37.78 million to $38.00 million. For the next year, analysts forecast that the company will post sales of $40.22 million per share, with estimates ranging from $39.90 million to $40.54 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Eagle Bancorp Montana.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Friday, July 21st. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by $0.11. The company had revenue of $9.45 million for the quarter, compared to analyst estimates of $9.60 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.06%.
Several research firms have commented on EBMT. TheStreet downgraded Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded Eagle Bancorp Montana from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th.
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Shares of Eagle Bancorp Montana (NASDAQ EBMT) opened at 17.90 on Friday. The firm has a market capitalization of $68.22 million, a price-to-earnings ratio of 13.77 and a beta of 0.35. The company’s 50-day moving average price is $18.22 and its 200 day moving average price is $19.10. Eagle Bancorp Montana has a 12-month low of $14.00 and a 12-month high of $24.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.01%. Eagle Bancorp Montana’s dividend payout ratio is currently 27.69%.
Eagle Bancorp Montana declared that its Board of Directors has initiated a share repurchase program on Friday, July 21st that allows the company to buyback 100,000 shares. This buyback authorization allows the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
Institutional investors have recently modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new position in shares of Eagle Bancorp Montana during the second quarter worth about $583,000. Kennedy Capital Management Inc. acquired a new position in shares of Eagle Bancorp Montana during the second quarter worth about $558,000. Renaissance Technologies LLC acquired a new position in shares of Eagle Bancorp Montana during the fourth quarter worth about $348,000. Context BH Capital Management LP acquired a new position in shares of Eagle Bancorp Montana during the first quarter worth about $303,000. Finally, US Bancorp DE acquired a new position in shares of Eagle Bancorp Montana during the second quarter worth about $251,000. 29.99% of the stock is owned by institutional investors and hedge funds.
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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