The Manufacturers Life Insurance Company Sells 13,158 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

The Manufacturers Life Insurance Company cut its holdings in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 360,051 shares of the bank’s stock after selling 13,158 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Eagle Bancorp Montana were worth $5,685,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Eagle Bancorp Montana by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after buying an additional 1,075 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of Eagle Bancorp Montana by 14.3% during the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after acquiring an additional 21,441 shares during the period. Dimensional Fund Advisors LP lifted its position in Eagle Bancorp Montana by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after acquiring an additional 2,937 shares in the last quarter. John G Ullman & Associates Inc. boosted 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 worth $988,000 after purchasing an additional 7,382 shares during the period. Finally, Empowered Funds LLC increased its holdings in Eagle Bancorp Montana by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after purchasing an additional 1,072 shares in the last quarter. 35.66% of the stock is owned by institutional investors.

Eagle Bancorp Montana Trading Up 0.6 %

NASDAQ:EBMT opened at $17.52 on Friday. The company has a market cap of $140.51 million, a P/E ratio of 16.13 and a beta of 0.51. Eagle Bancorp Montana, Inc. has a twelve month low of $12.32 and a twelve month high of $17.65. The business has a 50 day moving average price of $16.59 and a two-hundred day moving average price of $14.85. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, October 29th. The bank reported $0.34 EPS for the quarter, topping 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 business had revenue of $31.74 million during the quarter, compared to analysts’ expectations of $20.60 million. As a group, analysts expect that Eagle Bancorp Montana, Inc. will post 1.1 EPS 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 given a $0.142 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is currently 52.78%.

Analyst Ratings Changes

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

Insider Buying and Selling

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

Eagle Bancorp Montana 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.