Eagle Bancorp Montana (NASDAQ:EBMT) Stock Passes Above 200 Day Moving Average – Time to Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.37 and traded as high as $23.51. Eagle Bancorp Montana shares last traded at $23.20, with a volume of 125,978 shares changing hands.

Analyst Ratings Changes

EBMT has been the subject of several analyst reports. Zacks Research lowered shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. DA Davidson upped their price objective on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Hovde Group increased their price objective on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Eagle Bancorp Montana Stock Up 0.0%

The firm has a market cap of $189.37 million, a price-to-earnings ratio of 12.00 and a beta of 0.35. The firm has a 50 day moving average of $22.48 and a 200 day moving average of $21.46. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $23.58 million for the quarter, compared to analyst estimates of $23.05 million. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%. As a group, sell-side analysts predict that Eagle Bancorp Montana, Inc. will post 2.08 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, May 15th. Eagle Bancorp Montana’s payout ratio is presently 29.29%.

Insider Transactions at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction on 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 directly owned 82,260 shares of the company’s stock, valued at $1,877,995.80. This represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Large investors have recently added to or reduced their stakes in the business. Fourthstone LLC increased its stake in shares of Eagle Bancorp Montana by 272.3% during the 4th quarter. Fourthstone LLC now owns 342,748 shares of the bank’s stock worth $6,821,000 after purchasing an additional 250,681 shares during the last quarter. Geode Capital Management LLC grew 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 valued at $2,891,000 after purchasing an additional 90,024 shares during the period. Sei Investments Co. purchased a new stake in Eagle Bancorp Montana in the first quarter worth $1,305,000. Marshall Wace LLP bought a new stake in shares of Eagle Bancorp Montana in the second quarter valued at $699,000. Finally, 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 valued at $1,111,000 after buying an additional 39,464 shares during the period. Institutional investors own 35.66% of the company’s stock.

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.