Wall Street analysts forecast that Eagle Bancorp Montana Inc (NASDAQ:EBMT) will post sales of $12.68 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Eagle Bancorp Montana’s earnings. The highest sales estimate is $14.96 million and the lowest is $10.40 million. Eagle Bancorp Montana posted sales of $8.69 million in the same quarter last year, which suggests a positive year over year growth rate of 45.9%. The company is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Eagle Bancorp Montana will report full-year sales of $12.68 million for the current year, with estimates ranging from $45.10 million to $61.63 million. For the next year, analysts expect that the company will post sales of $47.81 million per share, with estimates ranging from $46.32 million to $49.30 million. Zacks’ sales averages are an average based on a survey of analysts that follow Eagle Bancorp Montana.
Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Eagle Bancorp Montana had a net margin of 9.73% and a return on equity of 8.02%. The company had revenue of $9.81 million during the quarter, compared to analysts’ expectations of $9.85 million.
Separately, Zacks Investment Research upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, December 20th.
Shares of Eagle Bancorp Montana (EBMT) remained flat at $$20.70 during trading on Friday. 4,171 shares of the company were exchanged, compared to its average volume of 3,755. Eagle Bancorp Montana has a 12 month low of $17.35 and a 12 month high of $21.95. The firm has a market capitalization of $113.85, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.34. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 1.29.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 9th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.36 annualized dividend and a yield of 1.74%. Eagle Bancorp Montana’s payout ratio is presently 34.95%.
In other Eagle Bancorp Montana news, CEO Peter Joseph Johnson sold 2,069 shares of Eagle Bancorp Montana stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $19.75, for a total transaction of $40,862.75. Following the completion of the sale, the chief executive officer now directly owns 94,460 shares in the company, valued at $1,865,585. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rick Hays bought 2,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $19.70 per share, with a total value of $39,400.00. Following the completion of the transaction, the director now owns 22,729 shares of the company’s stock, valued at $447,761.30. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 5,538 shares of company stock valued at $109,610. 6.90% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in EBMT. Maltese Capital Management LLC bought a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $3,666,000. Kennedy Capital Management Inc. lifted its holdings in shares of Eagle Bancorp Montana by 307.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 156,973 shares of the bank’s stock worth $3,289,000 after acquiring an additional 118,456 shares during the last quarter. Thomson Horstmann & Bryant Inc. bought a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $2,034,000. Penn Capital Management Co. Inc. lifted its holdings in shares of Eagle Bancorp Montana by 135.1% in the 4th quarter. Penn Capital Management Co. Inc. now owns 69,686 shares of the bank’s stock worth $1,460,000 after acquiring an additional 40,043 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Eagle Bancorp Montana by 20.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 232,781 shares of the bank’s stock worth $4,877,000 after acquiring an additional 39,142 shares during the last quarter. Hedge funds and other institutional investors own 43.41% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2018/03/20/brokerages-anticipate-eagle-bancorp-montana-inc-ebmt-will-announce-quarterly-sales-of-12-68-million.html.
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 in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Eagle Bancorp Montana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Montana and related companies with MarketBeat.com's FREE daily email newsletter.