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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) announced a quarterly dividend on Tuesday, October 27th. Stockholders 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, November 13th.

Eagle Bancorp Montana has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 14 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 Stock Performance

Shares of NASDAQ EBMT opened at $21.34 on Wednesday. The stock has a market cap of $169.97 million, a price-to-earnings ratio of 10.46 and a beta of 0.37. Eagle Bancorp Montana has a fifty-two week low of $15.80 and a fifty-two week high of $24.66. The firm’s 50-day simple moving average is $21.78 and its 200 day simple moving average is $22.17.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, October 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.16). The company had revenue of $25.08 million during the quarter, compared to analyst estimates of $24.50 million. On average, sell-side analysts predict that Eagle Bancorp Montana will post 2.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Eagle Bancorp Montana from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Eagle Bancorp Montana currently has a consensus rating of “Hold” and a consensus target price of $23.50.

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.