Eagle Bancorp Montana (NASDAQ:EBMT) Director Sells $228,300.00 in Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth Walsh sold 10,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $22.83, for a total transaction of $228,300.00. Following the transaction, the director owned 82,260 shares in the company, valued at $1,877,995.80. This represents a 10.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Eagle Bancorp Montana Stock Down 0.0%

EBMT traded down $0.01 on Tuesday, hitting $22.43. The company had a trading volume of 29,134 shares, compared to its average volume of 53,543. The stock has a fifty day simple moving average of $21.50 and a 200-day simple moving average of $20.09. 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 firm has a market capitalization of $178.77 million, a P/E ratio of 11.33 and a beta of 0.35. Eagle Bancorp Montana, Inc. has a 52-week low of $15.10 and a 52-week high of $23.94.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. The firm had revenue of $23.58 million during the quarter, compared to analyst estimates of $23.05 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.16%. As a group, equities analysts expect that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be paid a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.58 annualized dividend and a yield of 2.6%. Eagle Bancorp Montana’s payout ratio is presently 29.29%.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of hedge funds have recently added to or reduced their stakes in the company. Fourthstone LLC lifted its position in Eagle Bancorp Montana by 272.3% in the 4th 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. Geode Capital Management LLC increased its holdings in shares of Eagle Bancorp Montana by 108.0% in the 2nd quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock worth $2,891,000 after purchasing an additional 90,024 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Eagle Bancorp Montana in the second quarter worth $699,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Eagle Bancorp Montana by 145.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 66,642 shares of the bank’s stock worth $1,111,000 after purchasing an additional 39,464 shares during the last quarter. Finally, Allied Investment Advisors LLC bought a new position in shares of Eagle Bancorp Montana during the fourth quarter valued at $632,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on EBMT shares. DA Davidson boosted their price target on Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Hovde Group lifted their price objective on Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Eagle Bancorp Montana in a research note on Friday, April 10th. Finally, Zacks Research downgraded Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Eagle Bancorp Montana presently has a consensus rating of “Hold” and a consensus target price of $23.50.

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.