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

Key Points

• Eagle Bancorp Montana declared a quarterly dividend of $0.1475 per share, payable December 4 to shareholders of record on November 13. The dividend equates to $0.59 annually and a 2.8% yield.
• The bank has increased its dividend for 14 consecutive years, with a 32.1% payout ratio; projected earnings suggest the dividend remains well covered.
• Eagle Bancorp Montana reported quarterly EPS of $0.38, missing the $0.54 analyst consensus, while revenue of $25.08 million exceeded estimates. Shares opened at $21.34, near their 50- and 200-day moving averages.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.1475 per share by the bank on Friday, December 4th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, November 13th.

Eagle Bancorp Montana has raised 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 32.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp Montana to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 26.8%.

Eagle Bancorp Montana Trading Down 0.0%

Shares of EBMT stock opened at $21.34 on Wednesday. Eagle Bancorp Montana has a 1-year low of $15.80 and a 1-year high of $24.66. The stock has a market cap of $169.97 million, a price-to-earnings ratio of 10.46 and a beta of 0.37. The stock has a 50-day moving average of $21.78 and a 200-day moving average of $22.17.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The bank reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.16). The company had revenue of $25.08 million during the quarter, compared to the consensus estimate of $24.50 million. Sell-side analysts forecast that Eagle Bancorp Montana will post 2.07 earnings per share for the current year.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc was a Montana-based bank holding company that operated through its subsidiary, Opportunity Bank of Montana. The company provided community banking services to individuals, families, small businesses and commercial customers across Montana.

Opportunity Bank offered deposit accounts, residential mortgage lending, consumer loans, commercial real estate financing, business loans and other banking products. Its services also included online and mobile banking, along with traditional branch-based banking.

Opportunity Bank traced its history to 1922 and served communities throughout Montana through a network of branches.

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