Eagle Bancorp Montana (NASDAQ:EBMT) Stock Passes Above Two Hundred Day Moving Average of $13.31

Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.31 and traded as high as $15.24. Eagle Bancorp Montana shares last traded at $15.05, with a volume of 11,054 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a research report on Saturday. They issued a “hold” rating on the stock. Hovde Group began coverage on Eagle Bancorp Montana in a research note on Friday, July 5th. They set a “market perform” rating and a $13.50 price objective on the stock.

Eagle Bancorp Montana Price Performance

The company’s 50 day simple moving average is $14.02 and its 200 day simple moving average is $13.31. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $120.66 million, a PE ratio of 13.44 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. The firm had revenue of $30.09 million for the quarter, compared to analysts’ expectations of $20.50 million. On average, equities analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.06 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.142 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Friday, August 16th. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is currently 50.89%.

Insiders Place Their Bets

In other news, Director Peter Joseph Johnson sold 7,374 shares of Eagle Bancorp Montana stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the sale, the director now directly owns 61,139 shares of the company’s stock, valued at $873,064.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 9,079 shares of company stock worth $129,171 in the last quarter. 6.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several large investors have recently modified their holdings of EBMT. Vanguard Group Inc. lifted its holdings in Eagle Bancorp Montana by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after buying an additional 1,075 shares during the last quarter. Empowered Funds LLC increased its stake in Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after purchasing an additional 1,400 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Eagle Bancorp Montana by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after purchasing an additional 2,937 shares during the period. Brandes Investment Partners LP lifted its position in shares of Eagle Bancorp Montana by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after buying an additional 21,441 shares during the last quarter. Finally, John G Ullman & Associates Inc. lifted its position in shares of Eagle Bancorp Montana by 105.1% in the 1st quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock worth $669,000 after buying an additional 26,690 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

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.