Eagle Bancorp Montana, Inc. (EBMT) To Go Ex-Dividend on February 13th

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Friday, February 13th will be paid a dividend of 0.145 per share by the bank on Friday, March 6th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, February 13th.

Eagle Bancorp Montana has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Eagle Bancorp Montana has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Bancorp Montana to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 33.5%.

Eagle Bancorp Montana Price Performance

Shares of Eagle Bancorp Montana stock traded down $0.19 during midday trading on Wednesday, reaching $22.83. The company had a trading volume of 27,518 shares, compared to its average volume of 47,984. The company has a market capitalization of $181.50 million, a price-to-earnings ratio of 12.14 and a beta of 0.31. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $20.25 and a 200 day simple moving average of $18.02. Eagle Bancorp Montana has a 1-year low of $14.87 and a 1-year high of $23.75.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, January 27th. The bank reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. The company had revenue of $24.29 million during the quarter, compared to the consensus estimate of $18.89 million. Eagle Bancorp Montana had a return on equity of 8.17% and a net margin of 11.67%. As a group, equities research analysts forecast that Eagle Bancorp Montana will post 1.61 earnings per share for the current year.

Insider Activity

In other news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $22.47, for a total transaction of $224,700.00. Following the sale, the director owned 92,260 shares of the company’s stock, valued at $2,073,082.20. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in shares of Eagle Bancorp Montana during the 2nd quarter worth about $751,000. Ritholtz Wealth Management raised its stake in Eagle Bancorp Montana by 90.3% in the second quarter. Ritholtz Wealth Management now owns 68,055 shares of the bank’s stock valued at $1,134,000 after buying an additional 32,286 shares during the period. Allied Investment Advisors LLC bought a new position in shares of Eagle Bancorp Montana during the 2nd quarter worth approximately $530,000. Hillsdale Investment Management Inc. increased its holdings in shares of Eagle Bancorp Montana by 549.7% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock worth $1,982,000 after acquiring an additional 100,600 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Eagle Bancorp Montana by 79.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,108 shares of the bank’s stock valued at $685,000 after acquiring an additional 18,156 shares during the period. 35.66% of the stock is currently owned by institutional investors.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.