Eagle Bancorp Montana (NASDAQ:EBMT) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.97 and traded as high as $21.06. Eagle Bancorp Montana shares last traded at $20.41, with a volume of 45,373 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research raised Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research report on Monday, December 29th. Finally, DA Davidson upped 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $23.00.

Eagle Bancorp Montana Trading Down 1.1%

The company has a market capitalization of $162.11 million, a PE ratio of 10.82 and a beta of 0.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.86. The company’s fifty day moving average is $21.64 and its 200-day moving average is $19.00.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, January 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.13. The business had revenue of $24.29 million for the quarter, compared to analysts’ expectations of $18.89 million. Eagle Bancorp Montana had a return on equity of 8.06% and a net margin of 11.67%. On average, analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 13th were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, February 13th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 30.85%.

Insider Buying and Selling

In other news, Director Samuel Waters sold 2,100 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $22.48, for a total transaction of $47,208.00. Following the transaction, the director directly owned 31,534 shares of the company’s stock, valued at approximately $708,884.32. This represents a 6.24% 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 Peter Joseph Johnson sold 4,192 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $23.06, for a total value of $96,667.52. Following the completion of the sale, the director directly owned 48,873 shares of the company’s stock, valued at $1,127,011.38. The trade was a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,647 shares of company stock worth $446,110 in the last 90 days. 5.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eagle Bancorp Montana

Institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC increased its holdings in shares of Eagle Bancorp Montana by 272.3% during the fourth quarter. Fourthstone LLC now owns 342,748 shares of the bank’s stock valued at $6,821,000 after acquiring an additional 250,681 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Eagle Bancorp Montana by 549.7% in the second quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock worth $1,982,000 after buying an additional 100,600 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Eagle Bancorp Montana by 108.0% during the second quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock worth $2,891,000 after buying an additional 90,024 shares during the period. Marshall Wace LLP acquired a new stake in shares of Eagle Bancorp Montana during the second quarter worth $699,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Eagle Bancorp Montana by 145.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 66,642 shares of the bank’s stock valued at $1,111,000 after buying an additional 39,464 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

About Eagle Bancorp Montana

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.