Brokerages expect Eagle Bancorp Montana Inc (NASDAQ:EBMT) to announce sales of $11.13 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eagle Bancorp Montana’s earnings, with the lowest sales estimate coming in at $11.10 million and the highest estimate coming in at $11.16 million. Eagle Bancorp Montana posted sales of $9.81 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.5%. The firm is scheduled to announce its next earnings report on Monday, February 4th.
According to Zacks, analysts expect that Eagle Bancorp Montana will report full year sales of $42.91 million for the current financial year, with estimates ranging from $42.82 million to $43.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $52.86 million, with estimates ranging from $52.30 million to $53.42 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Eagle Bancorp Montana.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, October 23rd. The bank reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. Eagle Bancorp Montana had a net margin of 8.85% and a return on equity of 6.19%. The firm had revenue of $11.24 million during the quarter, compared to the consensus estimate of $10.99 million.
EBMT traded down $0.10 during trading on Friday, hitting $17.60. 6,200 shares of the company’s stock were exchanged, compared to its average volume of 1,557. Eagle Bancorp Montana has a 1 year low of $14.20 and a 1 year high of $21.95. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 1.31. The company has a market cap of $96.41 million, a P/E ratio of 13.86, a P/E/G ratio of 1.65 and a beta of 0.37.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a $0.0925 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, November 15th. Eagle Bancorp Montana’s payout ratio is 29.13%.
In other news, Director Rick Hays acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average price of $16.65 per share, for a total transaction of $33,300.00. Following the completion of the acquisition, the director now owns 27,329 shares of the company’s stock, valued at approximately $455,027.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Joseph Johnson acquired 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average price of $16.30 per share, for a total transaction of $29,340.00. Following the acquisition, the chief executive officer now directly owns 89,429 shares of the company’s stock, valued at approximately $1,457,692.70. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Eagle Bancorp Montana stock. Renaissance Technologies LLC grew its holdings in Eagle Bancorp Montana Inc (NASDAQ:EBMT) by 14.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,260 shares of the bank’s stock after acquiring an additional 6,260 shares during the quarter. Renaissance Technologies LLC owned 0.88% of Eagle Bancorp Montana worth $931,000 as of its most recent filing with the Securities and Exchange Commission. 42.72% of the stock is currently owned by hedge funds and other institutional investors.
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 in Montana. The company offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats.
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