Eagle Bancorp Montana (NASDAQ:EBMT) Director Sells $224,700.00 in Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $22.47, for a total value of $224,700.00. Following the transaction, the director directly owned 92,260 shares in the company, valued at $2,073,082.20. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Eagle Bancorp Montana Trading Up 0.4%

NASDAQ EBMT opened at $23.45 on Friday. Eagle Bancorp Montana, Inc. has a 12 month low of $14.87 and a 12 month high of $23.75. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $20.00 and a 200-day moving average of $17.92. The company has a market cap of $186.43 million, a PE ratio of 12.47 and a beta of 0.31.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.13. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. The firm had revenue of $24.29 million for the quarter, compared to analyst estimates of $18.89 million. On average, equities research analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 13th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, February 13th. Eagle Bancorp Montana’s payout ratio is 30.85%.

Analyst Ratings Changes

A number of research analysts recently weighed in on EBMT shares. DA Davidson boosted their target price on Eagle Bancorp Montana from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Zacks Research upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Hedge Funds Weigh In On Eagle Bancorp Montana

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Eagle Bancorp Montana by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after buying an additional 664 shares in the last quarter. Bank of America Corp DE raised its position in shares of Eagle Bancorp Montana by 18.6% in the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock valued at $79,000 after buying an additional 803 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Eagle Bancorp Montana during the 3rd quarter worth approximately $25,000. CWM LLC boosted its position in shares of Eagle Bancorp Montana by 3.8% during the 4th quarter. CWM LLC now owns 42,964 shares of the bank’s stock worth $855,000 after acquiring an additional 1,566 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Eagle Bancorp Montana during the 2nd quarter worth approximately $28,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.