Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) to Issue Quarterly Dividend of $0.15

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 14th will be paid a dividend of 0.1475 per share by the bank on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th. This is a 1.7% increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14.

Eagle Bancorp Montana has increased its dividend by an average of 0.1%annually over the last three years and has raised 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 $2.15 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 27.0%.

Eagle Bancorp Montana Price Performance

NASDAQ:EBMT opened at $23.57 on Wednesday. The firm has a market capitalization of $187.74 million, a price-to-earnings ratio of 11.90 and a beta of 0.35. Eagle Bancorp Montana has a 52-week low of $15.50 and a 52-week high of $24.66. The stock has a fifty day moving average of $23.12 and a 200 day moving average of $22.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 0.86.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, July 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $24.16 million for the quarter, compared to analysts’ expectations of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%. On average, research analysts expect that Eagle Bancorp Montana will post 2.04 EPS for the current fiscal year.

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.