Eagle Bancorp Montana, Inc. to Post FY2024 Earnings of $1.30 Per Share, DA Davidson Forecasts (NASDAQ:EBMT)

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) - DA Davidson dropped their FY2024 earnings per share estimates for shares of Eagle Bancorp Montana in a note issued to investors on Wednesday, April 24th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $1.30 per share for the year, down from their previous estimate of $1.80. The consensus estimate for Eagle Bancorp Montana's current full-year earnings is $1.80 per share.

A number of other equities analysts also recently issued reports on EBMT. StockNews.com assumed coverage on Eagle Bancorp Montana in a research report on Thursday, December 28th. They set a "hold" rating on the stock. Hovde Group assumed coverage on Eagle Bancorp Montana in a research report on Monday. They set a "market perform" rating and a $14.00 price target on the stock.

Eagle Bancorp Montana Trading Down 0.6 %

Eagle Bancorp Montana stock traded down $0.08 during mid-day trading on Friday, hitting $12.78. The company's stock had a trading volume of 17,097 shares, compared to its average volume of 9,921. The company has a 50 day moving average of $12.83 and a 200-day moving average of $13.16. The stock has a market cap of $102.50 million, a PE ratio of 11.41 and a beta of 0.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.90 and a current ratio of 0.91. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). The business had revenue of $30.35 million during the quarter, compared to the consensus estimate of $22.10 million. Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.34%.

Institutional Investors Weigh In On Eagle Bancorp Montana

A number of institutional investors have recently added to or reduced their stakes in EBMT. John G Ullman & Associates Inc. raised its stake in Eagle Bancorp Montana by 5.7% in the third quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank's stock valued at $243,000 after buying an additional 1,109 shares during the last quarter. TNF LLC raised its stake in Eagle Bancorp Montana by 4.2% in the fourth quarter. TNF LLC now owns 37,868 shares of the bank's stock valued at $564,000 after buying an additional 1,539 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Eagle Bancorp Montana in the third quarter worth about $565,000. Finally, Brandes Investment Partners LP raised its stake in shares of Eagle Bancorp Montana by 23.5% in the third quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank's stock worth $1,164,000 after purchasing an additional 18,741 shares during the last quarter. Institutional investors own 35.66% of the company's stock.

Eagle Bancorp Montana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Thursday, May 16th. Eagle Bancorp Montana's payout ratio is currently 50.00%.

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.