Eagle Bancorp Montana (NASDAQ:EBMT) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.03 and traded as high as $16.85. Eagle Bancorp Montana shares last traded at $16.75, with a volume of 13,411 shares.

Wall Street Analysts Forecast Growth

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

Eagle Bancorp Montana Stock Performance

The firm has a fifty day moving average of $16.77 and a 200-day moving average of $15.03. 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 capitalization of $134.34 million, a price-to-earnings ratio of 15.51 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, topping the consensus estimate 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 the consensus estimate of $20.60 million. As a group, sell-side analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.1 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.142 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 52.78%.

Insider Activity

In other Eagle Bancorp Montana news, 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 value of $84,850.00. Following the transaction, the director now directly owns 57,838 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth M. Walsh sold 6,705 shares of the stock in a transaction dated Friday, November 1st. The stock was 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. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,795 shares of company stock worth $213,610 over the last ninety days. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Eagle Bancorp Montana by 25.8% in the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after acquiring an additional 2,165 shares during the period. Geode Capital Management LLC increased its holdings in Eagle Bancorp Montana by 17.5% in the 3rd quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock valued at $1,218,000 after purchasing an additional 11,490 shares in the last quarter. State Street Corp lifted its stake 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 worth $282,000 after purchasing an additional 1,000 shares in the last quarter. Fourthstone LLC boosted its position in shares of Eagle Bancorp Montana by 1.1% in the third quarter. Fourthstone LLC now owns 520,663 shares of the bank’s stock worth $8,221,000 after buying an additional 5,898 shares during the period. Finally, John G Ullman & Associates Inc. boosted its position in shares of Eagle Bancorp Montana by 13.4% in the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after buying an additional 7,382 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.

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.