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Eagle Bancorp Montana prices upsized common equity offering

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Eagle Bancorp Montana prices upsized common equity offering

Eagle Bancorp Montana Inc. has priced a common stock offering of 1,050,000 shares at $18.25 per share.

Gross proceeds are pegged at approximately $19.2 million; net proceeds are estimated at $17.8 million. The Helena, Mont.-based company had initially planned an $18 million offering.

D.A. Davidson & Co. serves as sole book-running manager; FIG Partners LLC is co-manager. Underwriters have a 30-day option to buy up to 139,041 more shares.

The offering is expected to close on or about Oct. 13.