Eagle Bancorp Montana (NASDAQ:EBMT) Shares Pass Above Two Hundred Day Moving Average of $13.49

Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.49 and traded as high as $15.87. Eagle Bancorp Montana shares last traded at $15.78, with a volume of 2,457 shares.

Wall Street Analyst Weigh In

EBMT has been the subject of a number of analyst reports. StockNews.com started coverage on shares of Eagle Bancorp Montana in a research note on Sunday, September 15th. They set a “hold” rating for the company. Hovde Group started coverage on Eagle Bancorp Montana in a research report on Friday, July 5th. They set a “market perform” rating and a $13.50 price objective for the company.

Eagle Bancorp Montana Stock Performance

The company has a market cap of $126.51 million, a P/E ratio of 14.09 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The company has a 50 day moving average price of $14.52 and a 200-day moving average price of $13.49.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). The business had revenue of $30.09 million for the quarter, compared to the consensus estimate of $20.50 million. Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.07%. Equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.06 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $0.142 dividend. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, August 16th. This represents a $0.57 dividend on an annualized basis and a yield of 3.60%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 50.89%.

Insiders Place Their Bets

In other news, Director Peter Joseph Johnson sold 7,374 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the completion of the sale, the director now owns 61,139 shares in the company, valued at $873,064.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 9,079 shares of company stock worth $129,171. Corporate insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of large investors have recently made changes to their positions in EBMT. Vanguard Group Inc. grew 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 acquiring an additional 1,075 shares in the last quarter. Brandes Investment Partners LP boosted its position in Eagle Bancorp Montana by 14.3% during the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock valued at $2,254,000 after purchasing an additional 21,441 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Eagle Bancorp Montana by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after purchasing an additional 2,937 shares in the last quarter. John G Ullman & Associates Inc. grew its holdings in Eagle Bancorp Montana by 105.1% during the first quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock valued at $669,000 after purchasing an additional 26,690 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Eagle Bancorp Montana by 7.6% in the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after purchasing an additional 1,400 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.

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.