Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.21 and traded as high as $15.40. Eagle Bancorp Montana shares last traded at $15.26, with a volume of 25,769 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Eagle Bancorp Montana Trading Down 0.3 %

The business’s fifty day moving average is $16.65 and its 200-day moving average is $15.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market cap of $122.34 million, a P/E ratio of 14.13 and a beta of 0.51.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. The firm had revenue of $31.74 million during the quarter, compared to the consensus estimate of $20.60 million. Analysts predict that Eagle Bancorp Montana, Inc. will post 1.1 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.142 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.72%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 52.78%.

Insider Activity

In other news, Director Peter Joseph Johnson sold 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the sale, the director now directly owns 57,838 shares of the company’s stock, valued at approximately $981,510.86. This represents a 7.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth M. Walsh sold 6,705 shares of Eagle Bancorp Montana stock in a transaction on Friday, November 1st. The stock was sold at an average price of $16.44, for a total transaction of $110,230.20. Following the transaction, the director now directly owns 141,033 shares of the company’s stock, valued at $2,318,582.52. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,795 shares of company stock valued at $213,610. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Eagle Bancorp Montana

A number of large investors have recently bought and sold shares of EBMT. Brandes Investment Partners LP increased its holdings in Eagle Bancorp Montana by 14.3% in the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after purchasing an additional 21,441 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Eagle Bancorp Montana by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after buying an additional 11,490 shares during the period. John G Ullman & Associates Inc. lifted its position in shares of Eagle Bancorp Montana by 13.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after acquiring an additional 7,382 shares during the period. Fourthstone LLC boosted its stake in Eagle Bancorp Montana by 1.1% during the third quarter. Fourthstone LLC now owns 520,663 shares of the bank’s stock worth $8,221,000 after acquiring an additional 5,898 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Eagle Bancorp Montana by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after acquiring an additional 2,937 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Montana Company Profile

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.