Equities Analysts Offer Predictions for Eagle Bancorp Montana, Inc.’s FY2024 Earnings (NASDAQ:EBMT)

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) – Research analysts at DA Davidson lowered their FY2024 earnings per share (EPS) estimates for Eagle Bancorp Montana in a research note issued to investors on Wednesday, April 24th. DA Davidson analyst J. Rulis now expects that the bank will earn $1.30 per share for the year, down from their prior forecast of $1.80. The consensus estimate for Eagle Bancorp Montana’s current full-year earnings is $1.30 per share.

Separately, Hovde Group began coverage on Eagle Bancorp Montana in a research report on Monday, April 22nd. They set a “market perform” rating and a $14.00 price objective on the stock.

Eagle Bancorp Montana Price Performance

NASDAQ:EBMT opened at $12.78 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $102.50 million, a P/E ratio of 11.41 and a beta of 0.53. Eagle Bancorp Montana has a 12 month low of $11.26 and a 12 month high of $17.65. The business’s 50-day moving average is $12.83 and its 200 day moving average is $13.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brandes Investment Partners LP lifted its holdings in shares of Eagle Bancorp Montana by 23.5% during the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock valued at $1,164,000 after purchasing an additional 18,741 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Eagle Bancorp Montana in the third quarter valued at approximately $565,000. TNF LLC grew its position in shares of 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 purchasing an additional 1,539 shares in the last quarter. Finally, John G Ullman & Associates Inc. grew its position in shares of Eagle Bancorp Montana by 23.5% in the fourth quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after purchasing an additional 4,836 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.56 annualized dividend and a yield of 4.38%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 50.00%.

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.