Eagle Bancorp Montana (NASDAQ:EBMT) Posts Earnings Results, Beats Expectations By $0.08 EPS

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.33 by $0.08, Zacks reports. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. The business had revenue of $20.90 million during the quarter, compared to the consensus estimate of $16.69 million.

Eagle Bancorp Montana Stock Performance

Shares of EBMT stock traded up $0.46 during trading hours on Friday, hitting $17.96. The company's stock had a trading volume of 80,934 shares, compared to its average volume of 20,239. The stock has a market cap of $143.27 million, a PE ratio of 14.48 and a beta of 0.40. Eagle Bancorp Montana has a 12-month low of $12.61 and a 12-month high of $18.37. The company has a 50 day moving average of $16.87 and a 200 day moving average of $16.42. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57.

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, May 16th. Eagle Bancorp Montana's dividend payout ratio is presently 40.43%.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total value of $151,100.00. Following the sale, the director now directly owns 126,033 shares of the company's stock, valued at approximately $1,904,358.63. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Eagle Bancorp Montana

An institutional investor recently raised its position in Eagle Bancorp Montana stock. Bank of America Corp DE raised its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,123 shares of the bank's stock after acquiring an additional 803 shares during the quarter. Bank of America Corp DE owned approximately 0.06% of Eagle Bancorp Montana worth $79,000 at the end of the most recent reporting period. 35.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th.

Eagle Bancorp Montana Company Profile

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.