Eagle Bancorp Montana (NASDAQ:EBMT) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a buy rating in a research report report published on Tuesday.

Eagle Bancorp Montana Price Performance

Eagle Bancorp Montana stock opened at $16.60 on Tuesday. The business’s fifty day moving average is $16.15 and its two-hundred day moving average is $14.47. The firm has a market cap of $133.13 million, a P/E ratio of 15.37 and a beta of 0.52. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94. Eagle Bancorp Montana has a 52 week low of $11.63 and a 52 week high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $31.74 million for the quarter, compared to the consensus estimate of $20.60 million. Eagle Bancorp Montana had a return on equity of 5.02% and a net margin of 7.03%. Equities research analysts forecast that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.142 dividend. This represents a $0.57 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, November 15th. Eagle Bancorp Montana’s payout ratio is 52.78%.

Insider Transactions at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 7,374 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares of the company’s stock, valued at approximately $873,064.92. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth M. Walsh sold 6,705 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $16.44, for a total value of $110,230.20. Following the completion of the sale, the director now directly owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,874 shares of company stock worth $257,931. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Barclays PLC boosted its position in Eagle Bancorp Montana by 25.8% during the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after purchasing an additional 2,165 shares during the period. Empowered Funds LLC grew its position in Eagle Bancorp Montana by 7.6% in the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after acquiring an additional 1,400 shares during the last quarter. State Street Corp lifted its stake in shares of Eagle Bancorp Montana by 5.9% in the 3rd quarter. State Street Corp now owns 17,838 shares of the bank’s stock valued at $282,000 after acquiring an additional 1,000 shares during the last quarter. John G Ullman & Associates Inc. boosted its stake in shares of Eagle Bancorp Montana by 13.4% during the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after purchasing an additional 7,382 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Eagle Bancorp Montana by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after buying an additional 11,490 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

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.