Peter Joseph Johnson Sells 3,355 Shares of Eagle Bancorp Montana (NASDAQ:EBMT) Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Peter Joseph Johnson sold 3,355 shares of Eagle Bancorp Montana stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $23.11, for a total transaction of $77,534.05. Following the completion of the sale, the director owned 45,518 shares in the company, valued at approximately $1,051,920.98. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Peter Joseph Johnson also recently made the following trade(s):

• On Tuesday, February 10th, Peter Joseph Johnson sold 4,192 shares of Eagle Bancorp Montana stock. The stock was sold at an average price of $23.06, for a total transaction of $96,667.52.

Eagle Bancorp Montana Price Performance

Shares of NASDAQ:EBMT opened at $22.66 on Friday. The firm’s 50 day moving average is $20.48 and its two-hundred day moving average is $18.09. The firm has a market capitalization of $180.15 million, a P/E ratio of 12.05 and a beta of 0.31. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. Eagle Bancorp Montana, Inc. has a 52 week low of $14.87 and a 52 week high of $23.75.

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

Eagle Bancorp Montana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 13th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.58 annualized dividend and a dividend yield of 2.6%. Eagle Bancorp Montana’s dividend payout ratio is presently 30.85%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Eagle Bancorp Montana

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. boosted its position in shares of Eagle Bancorp Montana by 549.7% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock valued at $1,982,000 after purchasing an additional 100,600 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 in the last quarter. Los Angeles Capital Management LLC acquired a new position in Eagle Bancorp Montana in the second quarter worth approximately $751,000. Marshall Wace LLP bought a new position in shares of Eagle Bancorp Montana in the second quarter valued at $699,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Eagle Bancorp Montana by 145.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 66,642 shares of the bank’s stock valued at $1,111,000 after acquiring an additional 39,464 shares during the last quarter. 35.66% of the stock is 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.