Eagle Bancorp Montana (NASDAQ:EBMT) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Eagle Bancorp Montana Price Performance

Shares of EBMT opened at $17.06 on Wednesday. Eagle Bancorp Montana has a 12-month low of $11.83 and a 12-month high of $17.65. The business has a 50-day simple moving average of $16.31 and a two-hundred day simple moving average of $14.61. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The stock has a market cap of $136.82 million, a PE ratio of 15.80 and a beta of 0.52.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%. The business had revenue of $31.74 million during the quarter, compared to analysts’ expectations of $20.60 million. Analysts anticipate that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.142 dividend. This represents a $0.57 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, November 15th. Eagle Bancorp Montana’s payout ratio is presently 52.78%.

Insider Buying and Selling at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $16.44, for a total value of $110,230.20. Following the transaction, the director now owns 141,033 shares in the company, valued at $2,318,582.52. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EBMT. Barclays PLC boosted its position in shares of Eagle Bancorp Montana by 25.8% during the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after purchasing an additional 2,165 shares in the last quarter. State Street Corp lifted its position in shares of Eagle Bancorp Montana by 5.9% during the third quarter. State Street Corp now owns 17,838 shares of the bank’s stock valued at $282,000 after purchasing an additional 1,000 shares in the last quarter. Empowered Funds LLC boosted its holdings in Eagle Bancorp Montana by 5.0% during the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after purchasing an additional 1,072 shares during the last quarter. John G Ullman & Associates Inc. increased its stake in Eagle Bancorp Montana by 13.4% in the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after buying an additional 7,382 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 in the last quarter. 35.66% of the stock is owned by institutional investors.

About Eagle Bancorp Montana

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.