Announcement • May 20
Eagle Bancorp Montana, Inc. Announces Upcoming Retirement of Laura F. Clark as Chief Executive Officer Eagle Bancorp Montana, Inc. announced upcoming changes in roles and responsibilities of senior management as part of its long-term succession planning. In anticipation of the future retirement of current President and Chief Executive Officer, Laura F. Clark, the Board announced a successor has been chosen. While the effective date of Ms. Clark’s retirement has not yet been determined, the Board of Directors (the “Board”) has decided to split the roles of Chief Executive Officer and President. Ms. Clark will continue as the Chief Executive Officer of the Company and the Bank. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. President, CEO & Director Laura Clark was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 20
Eagle Bancorp Montana, Inc. Announces President Changes, Effective June 1, 2026 Eagle Bancorp Montana, Inc. announced upcoming changes in roles and responsibilities of senior management as part of its long-term succession planning. In anticipation of the future retirement of current President, Laura F. Clark, the Board announced a successor has been chosen. While the effective date of Ms. Clark’s retirement has not yet been determined, the Board of Directors (the “Board”) has decided to split the roles of Chief Executive Officer and President and has appointed P. Darryl Rensmon, the current EVP and Chief Operating Officer, as President effective June 1, 2026. Mr. Rensmon will assume responsibility for the daily operations of the Company and the Bank. Ms. Clark will continue as the Chief Executive Officer of the Company and the Bank.
Mr. Rensmon joined Eagle in September 2016 as Vice President/Chief Information Officer and was promoted to Senior Vice President in October 2017. He was promoted to Senior Vice President/Chief Operating Officer in October 2022, and Executive Vice President in April 2025. He also oversees the strategic direction of the home loan division, and the Company’s FinTech and innovation investments and initiatives. Mr. Rensmon was formerly the Vice President/Chief Information Officer for Morrison-Maierle, Inc. and the President of Morrison-Maierle Systems Corp., which provided customized IT services and consulting to companies across Montana. He holds a Bachelor of Science degree in Business Administration - Information Systems Management from Montana State University-Billings. He is a 2021 graduate of the Stonier Graduate School of Banking and the Wharton Leadership Program. Announcement • Apr 30
Eagle Bancorp Montana, Inc. Reports Net Charge Offs for the Quarter Ended March 31, 2026 Eagle Bancorp Montana, Inc. reported net charge offs for the quarter ended March 31, 2026. For the quarter, the company reported net charge offs of $49,000 as compared to $99,000 in the preceding quarter and $2,000 in the first quarter a year ago. Announcement • Mar 10
Eagle Bancorp Montana, Inc., Annual General Meeting, Apr 23, 2026 Eagle Bancorp Montana, Inc., Annual General Meeting, Apr 23, 2026. Location: 1400 prospect avenue, helena, montana, helena United States Announcement • Feb 27
Eagle Bancorp Montana, Inc. and Opportunity Bank of Montana Announce Executive Changes, Effective March 10, 2026 On February 22, 2026, Eagle Bancorp Montana, Inc., the holding company of Opportunity Bank of Montana, and Mark A. O'Neill, Senior Vice President and Chief Lending Officer agreed that Mr. O'Neill will step down from his current position with the Company and the Bank. Mr. O'Neill will cease serving as Chief Lending Officer and will no longer be an executive officer of the Company, effective March 10, 2026 (the Effective Date). Effective as of the Effective Date, Mr. O'Neill's Chief Lending Officer responsibilities will be assumed on an interim basis by Darryl Rensmon. Mr. Rensmon serves as the Company's Chief Operating Officer. On the Effective Date, Mr. O'Neill will remain employed by the Company and the Bank and transition to the position of Vice President /Business Development Officer to provide additional support for the Company's strategic market initiatives. Mr. O’Neill’s transition from his current position was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Announcement • May 01
Eagle Bancorp Montana, Inc. Reports Net Loan Charge Off for the First Quarter Ended March 31, 2025 Eagle Bancorp Montana, Inc. reported net loan charge off for the first quarter ended March 31, 2025. For the quarter, the company reported Net loan charge-offs totaled $2,000 in the first quarter of 2025, compared to net loan charge-offs of $44,000 in the preceding quarter and net loan recoveries of $65,000 in the first quarter a year ago. Announcement • Apr 30
Eagle Bancorp Montana, Inc. announces Quarterly dividend, payable on June 06, 2025 Eagle Bancorp Montana, Inc. announced Quarterly dividend of USD 0.1425 per share payable on June 06, 2025, ex-date on May 16, 2025 and record date on May 16, 2025. Announcement • Mar 17
Eagle Bancorp Montana, Inc., Annual General Meeting, Apr 24, 2025 Eagle Bancorp Montana, Inc., Annual General Meeting, Apr 24, 2025. Location: 1400 prospect avenue, montana, helena United States Announcement • Jan 28
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable March 7, 2025 The board of directors of Eagle Bancorp Montana, Inc. declared a quarterly cash dividend of $0.1425 per share on January 23, 2025. The dividend will be payable on March 7, 2025, to shareholders of record February 14, 2025. Announcement • Oct 29
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable December 6, 2024 The board of directors of Eagle Bancorp Montana, Inc. declared a quarterly cash dividend of $0.1425 per share on October 17, 2024. The dividend will be payable December 6, 2024, to shareholders of record November 15, 2024. Announcement • Jul 24
Eagle Bancorp Montana, Inc. Increases Quarterly Cash Dividend, Payable September 6, 2024 The board of directors of Eagle Bancorp Montana, Inc. increased its quarterly cash dividend to $0.1425 per share on July 22, 2024. The dividend will be payable September 6, 2024, to shareholders of record August 16, 2024. The current dividend represents an annualized yield of 4.27% based on recent market prices. Recent Insider Transactions • May 22
Independent Director recently sold US$130k worth of stock On the 20th of May, Kenneth Walsh sold around 10k shares on-market at roughly US$12.98 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$354k more than they bought in the last 12 months. Upcoming Dividend • May 11
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.0%). Recent Insider Transactions Derivative • May 08
Director notifies of intention to sell stock Peter Johnson intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$14.00, it would amount to US$112k. Since June 2023, Peter's direct individual holding has decreased from 82.63k shares to 79.14k. Company insiders have collectively sold US$240k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 27
First quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 16th May 2024 Payment date: 7th June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 26
Price target decreased by 8.0% to US$13.33 Down from US$14.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$12.86. Stock is down 10% over the past year. The company is forecast to post earnings per share of US$1.32 for next year compared to US$1.29 last year. Reported Earnings • Apr 25
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: US$0.24 (down from US$0.42 in 1Q 2023). Revenue: US$19.3m (down 7.3% from 1Q 2023). Net income: US$1.90m (down 42% from 1Q 2023). Profit margin: 9.8% (down from 16% in 1Q 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable June 7, 2024 Eagle’s board of directors declared a quarterly cash dividend to $0.14 per share on April 18, 2024. The dividend will be payable June 7, 2024, to shareholders of record May 17, 2024. The current dividend represents an annualized yield of 4.40% based on recent market prices. New Risk • Mar 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (US$132k sold). Market cap is less than US$100m (US$99.6m market cap). Announcement • Mar 08
Eagle Bancorp Montana, Inc., Annual General Meeting, Apr 18, 2024 Eagle Bancorp Montana, Inc., Annual General Meeting, Apr 18, 2024, at 11:00 Mountain Standard Time. Location: The main office of Opportunity Bank of Montana 1400 Prospect Avenue Helena Montana United States Agenda: To discuss elect for a three-year term, the four nominees named in the accompanying Proxy Statement; to ratify the appointment of Moss Adams LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to discuss an advisory vote on the compensation of named executive officers; and to transact such other business as may properly come before the meeting or any adjournment thereof. Recent Insider Transactions Derivative • Feb 16
Director notifies of intention to sell stock Peter Johnson intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of February. If the sale is conducted around the recent share price of US$14.00, it would amount to US$70k. Since March 2023, Peter's direct individual holding has decreased from 84.30k shares to 82.63k. Company insiders have collectively sold US$231k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 09
Director recently sold US$120k worth of stock On the 6th of February, Kenneth Walsh sold around 9k shares on-market at roughly US$13.18 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$231k more than they bought in the last 12 months. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.14 per share at 3.9% yield Eligible shareholders must have bought the stock before 08 February 2024. Payment date: 01 March 2024. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.2%). Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$64.5m to US$62.8m. EPS estimate also fell from US$1.56 per share to US$1.40 per share. Net income forecast to grow 8.7% next year vs 5.2% decline forecast for Banks industry in the US. Consensus price target of US$14.50 unchanged from last update. Share price fell 5.2% to US$14.90 over the past week. Declared Dividend • Jan 27
Fourth quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 8th February 2024 Payment date: 1st March 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (43% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 24
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$1.29 (down from US$1.45 in FY 2022). Revenue: US$83.7m (down 4.3% from FY 2022). Net income: US$10.1m (down 6.0% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jan 24
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable on March 1, 2024 Eagle Bancorp Montana, Inc.'s board of directors declared a quarterly cash dividend to $0.14 per share on January 18, 2024. The dividend will be payable March 1, 2024 to shareholders of record February 9, 2024. The current dividend represents an annualized yield of 3.81% based on recent market prices. Buy Or Sell Opportunity • Jan 23
Now 22% undervalued Over the last 90 days, the stock has risen 28% to US$14.95. The fair value is estimated to be US$19.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to decline by 19% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Buying Opportunity • Jan 04
Now 20% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be US$19.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to decline by 19% in 2 years. Earnings is forecast to grow by 22% in the next 2 years. Price Target Changed • Nov 19
Price target decreased by 8.5% to US$12.50 Down from US$13.67, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$12.02. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$1.35 for next year compared to US$1.45 last year. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.14 per share at 4.8% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of American dividend payers (5.3%). Higher than average of industry peers (4.0%). Announcement • Oct 25
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable on December 1, 2023 Eagle’s board of directors declared a quarterly cash dividend to $0.14 per share on October 19, 2023. The dividend will be payable December 1, 2023 to shareholders of record November 10, 2023. The current dividend represents an annualized yield of 4.81% based on recent market prices. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$0.34 (down from US$0.40 in 3Q 2022). Revenue: US$21.0m (down 15% from 3Q 2022). Net income: US$2.64m (down 15% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Aug 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (US$84k sold). Market cap is less than US$100m (US$99.9m market cap). Upcoming Dividend • Aug 03
Upcoming dividend of US$0.14 per share at 4.2% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%). Major Estimate Revision • Aug 01
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$66.1m to US$62.2m. EPS estimate also fell from US$1.74 per share to US$1.31 per share. Net income forecast to shrink 5.5% next year vs 10% decline forecast for Banks industry in the US. Consensus price target down from US$15.33 to US$14.00. Share price fell 6.1% to US$13.18 over the past week. Price Target Changed • Jul 31
Price target decreased by 8.7% to US$14.00 Down from US$15.33, the current price target is an average from 3 analysts. New target price is 6.2% above last closing price of US$13.18. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$1.31 for next year compared to US$1.45 last year. New Risk • Jul 29
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$106k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Significant insider selling over the past 3 months (US$106k sold). Announcement • Jul 26
Eagle Bancorp Montana, Inc. Announces Quarterly Cash Dividend, Payable on September 1, 2023 Eagle Bancorp Montana, Inc. board of directors increased its quarterly cash dividend to $0.14 per share on July 20, 2023. The dividend will be payable September 1, 2023 to shareholders of record August 11, 2023. Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.24 in 2Q 2022) Second quarter 2023 results: EPS: US$0.26 (up from US$0.24 in 2Q 2022). Revenue: US$21.1m (down 5.8% from 2Q 2022). Net income: US$2.02m (up 14% from 2Q 2022). Profit margin: 9.5% (up from 7.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • May 26
Director notifies of intention to sell stock Kenneth Walsh intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of May. If the sale is conducted around the recent share price of US$13.34, it would amount to US$70k. Since September 2022, Kenneth's direct individual holding has increased from 181.06k shares to 181.30k. Company insiders have collectively sold US$289k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 26
Director recently sold US$82k worth of stock On the 23rd of May, Kenneth Walsh sold around 6k shares on-market at roughly US$13.34 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$289k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$13.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in the US. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$26.50 per share. Upcoming Dividend • May 04
Upcoming dividend of US$0.14 per share at 4.4% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.8%). Recent Insider Transactions • May 03
Independent Chairman of the Board recently bought US$72k worth of stock On the 28th of April, Rick Hays bought around 5k shares on-market at roughly US$14.31 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Rick's only on-market trade for the last 12 months. Reported Earnings • Apr 26
First quarter 2023 earnings: EPS in line with expectations, revenues disappoint First quarter 2023 results: EPS: US$0.42 (up from US$0.34 in 1Q 2022). Revenue: US$20.8m (up 4.8% from 1Q 2022). Net income: US$3.24m (up 46% from 1Q 2022). Profit margin: 16% (up from 11% in 1Q 2022). Revenue is expected to decline by 9.2% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 10
Price target decreased by 12% to US$17.33 Down from US$19.67, the current price target is an average from 3 analysts. New target price is 25% above last closing price of US$13.86. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$1.45 last year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$14.30, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 13% over the past three years. Recent Insider Transactions • Mar 02
Director recently sold US$119k worth of stock On the 23rd of February, Peter Johnson sold around 7k shares on-market at roughly US$17.04 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$312k more than they bought in the last 12 months. Upcoming Dividend • Feb 02
Upcoming dividend of US$0.14 per share at 3.3% yield Eligible shareholders must have bought the stock before 09 February 2023. Payment date: 03 March 2023. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.2%). In line with average of industry peers (3.0%). Reported Earnings • Jan 27
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$1.45 (down from US$2.17 in FY 2021). Revenue: US$87.5m (down 6.3% from FY 2021). Net income: US$10.7m (down 26% from FY 2021). Profit margin: 12% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 6.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.2%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Price Target Changed • Jan 05
Price target decreased to US$19.67 Down from US$22.00, the current price target is an average from 3 analysts. New target price is 20% above last closing price of US$16.42. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$1.46 for next year compared to US$2.17 last year. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (3.0%). Reported Earnings • Oct 26
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: US$0.40 (down from US$0.73 in 3Q 2021). Revenue: US$24.8m (down 1.4% from 3Q 2021). Net income: US$3.09m (down 35% from 3Q 2021). Profit margin: 13% (down from 19% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Announcement • Oct 26
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable December 2, 2022 Eagle Bancorp Montana, Inc. board of directors declared a quarterly cash dividend of $0.1375 per share on October 20, 2022. The dividend will be payable December 2, 2022 to shareholders of record November 10, 2022. The current dividend represents an annualized yield of 2.95% based on recent market prices. Recent Insider Transactions • Aug 06
Director recently sold US$193k worth of stock On the 4th of August, Kenneth Walsh sold around 10k shares on-market at roughly US$19.33 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$639k more than they bought in the last 12 months. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (3.1%). Price Target Changed • Aug 03
Price target decreased to US$22.33 Down from US$24.67, the current price target is an average from 3 analysts. New target price is 15% above last closing price of US$19.46. Stock is down 12% over the past year. The company is forecast to post earnings per share of US$1.60 for next year compared to US$2.17 last year. Major Estimate Revision • Aug 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$57.4m to US$63.4m. EPS estimate fell from US$2.26 to US$1.62. Net income forecast to grow 65% next year vs 9.5% growth forecast for Banks industry in the US. Consensus price target down from US$24.67 to US$23.67. Share price was steady at US$19.32 over the past week. Reported Earnings • Jul 27
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: US$0.24 (down from US$0.40 in 2Q 2021). Revenue: US$22.5m (flat on 2Q 2021). Net income: US$1.77m (down 34% from 2Q 2021). Profit margin: 7.9% (down from 12% in 2Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 55%. Over the next year, revenue is expected to shrink by 25% compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Announcement • Jul 27
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable September 2, 2022 Eagle Bancorp Montana, Inc.’s board of directors increased its quarterly cash dividend by 10% to $0.1375per share on July 21, 2022. The dividend will be payable September 2, 2022 to shareholders of record August 12, 2022. The current dividend represents an annualized yield of 2.81% based on recent market prices. Upcoming Dividend • May 05
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.8%). In line with average of industry peers (2.7%). Major Estimate Revision • May 03
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$61.3m to US$57.3m. EPS estimate also fell from US$2.61 per share to US$2.34 per share. Net income forecast to grow 74% next year vs 1.9% growth forecast for Banks industry in the US. Consensus price target down from US$28.00 to US$25.67. Share price fell 5.2% to US$19.72 over the past week. Price Target Changed • Apr 30
Price target decreased to US$25.67 Down from US$28.00, the current price target is an average from 3 analysts. New target price is 26% above last closing price of US$20.30. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$2.34 for next year compared to US$2.17 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: US$0.32 (down from US$0.78 in 1Q 2021). Revenue: US$19.7m (down 19% from 1Q 2021). Net income: US$2.06m (down 61% from 1Q 2021). Profit margin: 11% (down from 22% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is expected to shrink by 29% compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 27
Eagle Bancorp Montana, Inc. Declares Quarterly Cash Dividend, Payable June 3, 2022 Eagle Bancorp Montana, Inc. declared a quarterly cash dividend of $0.125per share on April 21, 2022. The dividend will be payable June 3, 2022 to shareholders of record May 13, 2022. The current annualized dividend yield is 2.26% based on recent market prices. Reported Earnings • Mar 12
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: US$2.17 (down from US$3.12 in FY 2020). Revenue: US$93.4m (up 4.9% from FY 2020). Net income: US$14.4m (down 32% from FY 2020). Profit margin: 15% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.85% (down from 3.94% in FY 2020). Non-performing loans: 0.76% (down from 1.00% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is expected to shrink by 35% compared to a 6.0% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 03
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 10 February 2022. Payment date: 04 March 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (3.6%). In line with average of industry peers (2.3%). Board Change • Feb 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Cindy Utterback was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 27
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: US$2.17 (down from US$3.12 in FY 2020). Revenue: US$93.4m (up 4.9% from FY 2020). Net income: US$14.4m (down 32% from FY 2020). Profit margin: 15% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is expected to shrink by 33% compared to a 4.2% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Nov 06
Director notifies of intention to sell stock Kenneth Walsh intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of November. If the sale is conducted around the recent share price of US$22.76, it would amount to US$228k. Since December 2020, Kenneth's direct individual holding has decreased from 240.83k shares to 206.09k. Company insiders have collectively sold US$719k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 03
Director recently sold US$225k worth of stock On the 2nd of November, Kenneth Walsh sold around 10k shares on-market at roughly US$22.47 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$721k more than they bought in the last 12 months. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 10 November 2021. Payment date: 03 December 2021. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (3.5%). In line with average of industry peers (2.2%). Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$0.73 (vs US$0.94 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$25.1m (flat on 3Q 2020). Net income: US$4.75m (down 26% from 3Q 2020). Profit margin: 19% (down from 26% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.