Eagle Bancorp Montana (NASDAQ:EBMT) Posts Quarterly Earnings Results, Meets Estimates

Key Points

• Eagle Bancorp Montana reported $0.41 earnings per share, missing analysts' expectations of $0.42 by $0.01.
• The company's return on equity stood at 6.35%, with a net margin of 9.03% for the quarter.
• Wall Street analysts upgraded the stock from a "hold" rating to a "buy" rating following the earnings report.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41, Zacks reports. Eagle Bancorp Montana had a return on equity of 7.14% and a net margin of 10.09%. The business had revenue of $23.51 million during the quarter, compared to analyst estimates of $17.34 million.

Eagle Bancorp Montana Stock Up 1.0%

Eagle Bancorp Montana stock traded up $0.16 during midday trading on Wednesday, reaching $16.38. The stock had a trading volume of 37,161 shares, compared to its average volume of 38,809. The stock has a market capitalization of $130.71 million, a P/E ratio of 10.24 and a beta of 0.35. The firm's fifty day simple moving average is $16.71 and its 200-day simple moving average is $16.65. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.89 and a current ratio of 0.90. Eagle Bancorp Montana has a 1-year low of $12.61 and a 1-year high of $18.49.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $0.145 per share. The ex-dividend date is Friday, August 15th. This is an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.54%. Eagle Bancorp Montana's dividend payout ratio (DPR) is presently 40.43%.

Insiders Place Their Bets

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $17.75, for a total value of $177,500.00. Following the completion of the transaction, the director owned 116,033 shares of the company's stock, valued at approximately $2,059,585.75. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is currently owned by company insiders.

Institutional Trading of Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in shares of Eagle Bancorp Montana by 193.4% during the 1st quarter. Jane Street Group LLC now owns 35,946 shares of the bank's stock worth $602,000 after purchasing an additional 23,694 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Eagle Bancorp Montana by 127.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank's stock valued at $524,000 after purchasing an additional 17,509 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Eagle Bancorp Montana by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 38,802 shares of the bank's stock valued at $648,000 after purchasing an additional 11,201 shares during the period. Jones Financial Companies Lllp grew its holdings in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after purchasing an additional 1,766 shares during the period. Finally, Empowered Funds LLC increased its position in Eagle Bancorp Montana by 7.3% during the first quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock worth $421,000 after buying an additional 1,706 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a report on Saturday.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.