Eagle Bancorp Montana (NASDAQ:EBMT) Director Sells $47,208.00 in Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Samuel Waters sold 2,100 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 31,534 shares of the company’s stock, valued at $708,884.32. The trade was a 6.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eagle Bancorp Montana Trading Up 1.6%

Shares of NASDAQ EBMT opened at $22.50 on Thursday. Eagle Bancorp Montana, Inc. has a 1-year low of $15.10 and a 1-year high of $23.75. The business has a fifty day moving average price of $21.14 and a 200 day moving average price of $18.51. The stock has a market capitalization of $178.88 million, a P/E ratio of 11.97 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.89 and a quick ratio of 0.88.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, January 27th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.13. The company had revenue of $24.29 million during the quarter, compared to the consensus estimate of $18.89 million. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. Equities research analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on EBMT. DA Davidson increased their price objective on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Zacks Research raised shares of Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $23.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in Eagle Bancorp Montana during the third quarter valued at $25,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana during the 2nd quarter valued at about $28,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Eagle Bancorp Montana in the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets boosted its stake in shares of Eagle Bancorp Montana by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after buying an additional 664 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after acquiring an additional 1,766 shares during the period. Hedge funds and other institutional investors 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.