Eagle Bancorp Montana (NASDAQ:EBMT) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a report published on Tuesday. The brokerage issued a hold rating on the bank’s stock.

Separately, Hovde Group started coverage on shares of Eagle Bancorp Montana in a research note on Friday, July 5th. They issued a market perform rating and a $13.50 price objective on the stock.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT traded down $0.40 during mid-day trading on Tuesday, reaching $13.25. 15,974 shares of the company’s stock were exchanged, compared to its average volume of 8,882. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65. The firm has a market capitalization of $106.23 million, a PE ratio of 12.19 and a beta of 0.54. The business’s fifty day simple moving average is $13.50 and its two-hundred day simple moving average is $13.26. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.91 and a current ratio of 0.91.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Eagle Bancorp Montana had a return on equity of 5.11% and a net margin of 7.06%. The business had revenue of $30.09 million for the quarter, compared to the consensus estimate of $20.50 million. Analysts anticipate that Eagle Bancorp Montana will post 1.06 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.142 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.57 annualized dividend and a yield of 4.29%. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is presently 50.89%.

Insider Activity at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 2,954 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the completion of the transaction, the director now owns 71,139 shares in the company, valued at $939,746.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the completion of the transaction, the director now owns 71,139 shares in the company, valued at $939,746.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $12.98, for a total transaction of $129,800.00. Following the transaction, the director now directly owns 156,039 shares in the company, valued at $2,025,386.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,405 shares of company stock worth $187,859. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. John G Ullman & Associates Inc. boosted its holdings in Eagle Bancorp Montana by 105.1% in the first quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock valued at $669,000 after acquiring an additional 26,690 shares in the last quarter. TNF LLC boosted its holdings in shares of Eagle Bancorp Montana by 4.2% during the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after buying an additional 1,539 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Eagle Bancorp Montana by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after buying an additional 1,400 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Eagle Bancorp Montana by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after buying an additional 1,075 shares in 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.