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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.40 and traded as high as $16.65. Eagle Bancorp Montana shares last traded at $16.56, with a volume of 58,024 shares trading hands.

Eagle Bancorp Montana Stock Up 4.0%

The stock has a market capitalization of $132.15 million, a P/E ratio of 11.74 and a beta of 0.36. The stock’s fifty day simple moving average is $16.90 and its two-hundred day simple moving average is $16.40. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.89 and a current ratio of 0.90.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. Eagle Bancorp Montana had a net margin of 9.03% and a return on equity of 6.35%. The business had revenue of $20.90 million during the quarter, compared to the consensus estimate of $16.69 million. As a group, research analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 3.44%. The ex-dividend date was Friday, May 16th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 40.43%.

Insider Buying and Selling

In related news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.75, for a total transaction of $177,500.00. Following the transaction, the director now directly owns 116,033 shares of the company’s stock, valued at approximately $2,059,585.75. This represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is owned by insiders.

Institutional Trading of Eagle Bancorp Montana

Several hedge funds have recently bought and sold shares of EBMT. Brandes Investment Partners LP lifted its holdings in shares of Eagle Bancorp Montana by 9.9% in the fourth 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 in the last quarter. Rhino Investment Partners Inc raised its position in Eagle Bancorp Montana by 18.7% in the 4th quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank’s stock valued at $3,125,000 after buying an additional 32,074 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Eagle Bancorp Montana by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 110,192 shares of the bank’s stock valued at $1,689,000 after acquiring an additional 9,870 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Eagle Bancorp Montana by 23.7% during the 4th quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank’s stock worth $1,667,000 after acquiring an additional 20,812 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Eagle Bancorp Montana by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 38,802 shares of the bank’s stock worth $648,000 after acquiring an additional 11,201 shares during the last quarter. 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.