Eagle Bancorp Montana (NASDAQ:EBMT) Issues Quarterly Earnings Results

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) announced its quarterly earnings data on Tuesday. The bank reported $0.41 EPS for the quarter, hitting analysts' consensus estimates of $0.41, Zacks reports. The company had revenue of $23.51 million during the quarter, compared to the consensus estimate of $17.34 million. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.14%.

Eagle Bancorp Montana Price Performance

Shares of EBMT traded down $0.36 during trading hours on Friday, reaching $15.76. The company had a trading volume of 25,804 shares, compared to its average volume of 36,199. The firm has a 50 day simple moving average of $16.67 and a 200-day simple moving average of $16.67. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $125.72 million, a price-to-earnings ratio of 9.85 and a beta of 0.35. Eagle Bancorp Montana has a 12-month low of $12.61 and a 12-month 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. Shareholders of record on Friday, August 15th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 15th. This is an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. Eagle Bancorp Montana's payout ratio is currently 36.25%.

Insider Activity

In other news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction dated 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 in the company, valued at $2,059,585.75. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of large investors have recently made changes to their positions in EBMT. Jane Street Group LLC increased its holdings in shares of Eagle Bancorp Montana by 193.4% in the 1st quarter. Jane Street Group LLC now owns 35,946 shares of the bank's stock valued at $602,000 after purchasing an additional 23,694 shares in the last quarter. Goldman Sachs Group Inc. increased 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 in the last quarter. Acadian Asset Management LLC increased 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock valued at $38,000 after purchasing an additional 1,766 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Eagle Bancorp Montana by 7.3% in the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock valued at $421,000 after purchasing an additional 1,706 shares in the last quarter. Hedge funds and other institutional investors own 35.66% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

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.