Alliancebernstein L.P. Acquires 10,780 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Alliancebernstein L.P. grew its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,666 shares of the bank’s stock after acquiring an additional 10,780 shares during the period. Alliancebernstein L.P. owned 0.42% of Eagle Bancorp Montana worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of EBMT. O Shaughnessy Asset Management LLC bought a new position in Eagle Bancorp Montana in the 4th quarter valued at $270,000. Arrowstreet Capital Limited Partnership acquired a new stake in Eagle Bancorp Montana in the fourth quarter worth about $196,000. Hillsdale Investment Management Inc. acquired a new position in Eagle Bancorp Montana during the 4th quarter valued at about $227,000. Brandes Investment Partners LP boosted its stake in shares of Eagle Bancorp Montana by 9.9% in the 4th quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock valued at $3,378,000 after purchasing an additional 19,907 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Eagle Bancorp Montana during the 4th quarter worth approximately $308,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Montana Price Performance

EBMT stock opened at $16.52 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. The stock has a market cap of $131.78 million, a PE ratio of 13.32 and a beta of 0.40. Eagle Bancorp Montana, Inc. has a 1 year low of $12.42 and a 1 year high of $18.37. The stock has a 50-day moving average price of $16.87 and a two-hundred day moving average price of $16.34.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. Equities analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a $0.1425 dividend. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, February 14th. This represents a $0.57 annualized dividend and a dividend yield of 3.45%. Eagle Bancorp Montana’s dividend payout ratio is presently 45.97%.

Insiders Place Their Bets

In related news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 126,033 shares in the company, valued at approximately $1,904,358.63. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

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.