Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) – Equities research analysts at DA Davidson increased their Q4 2017 earnings estimates for shares of Eagle Bancorp Montana in a report released on Tuesday. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.26.

Other equities research analysts also recently issued research reports about the company. TheStreet downgraded Eagle Bancorp Montana from a “c-” rating to a “d” rating in a report on Monday, July 24th. Zacks Investment Research cut Eagle Bancorp Montana from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 26th.

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Eagle Bancorp Montana (EBMT) traded up 0.25% during midday trading on Thursday, hitting $20.00. 1,028 shares of the stock traded hands. Eagle Bancorp Montana has a 12 month low of $14.90 and a 12 month high of $24.00. The stock has a market cap of $76.22 million, a PE ratio of 15.38 and a beta of 0.35. The company has a 50-day moving average of $18.74 and a 200-day moving average of $18.51.

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, topping the Zacks’ consensus estimate of $0.39 by $0.11. Eagle Bancorp Montana had a return on equity of 8.55% and a net margin of 11.85%. The business had revenue of $10.15 million during the quarter, compared to analyst estimates of $10.00 million.

Eagle Bancorp Montana declared that its Board of Directors has initiated a stock repurchase program on Friday, July 21st that permits the company to repurchase 100,000 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is 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 paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, November 9th. Eagle Bancorp Montana’s payout ratio is 27.91%.

Large 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 worth about $558,000. US Bancorp DE purchased a new position in shares of Eagle Bancorp Montana in the second quarter worth about $251,000. Context BH Capital Management LP raised its stake 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 worth $396,000 after purchasing an additional 6,649 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new position in shares of Eagle Bancorp Montana in the second quarter worth about $583,000. Finally, Glacier Peak Capital LLC raised its stake 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 worth $6,817,000 after purchasing an additional 8,178 shares during the last quarter. Hedge funds and other institutional investors own 24.66% 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.

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

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