Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.87 and traded as high as $17.39. Eagle Bancorp Montana shares last traded at $17.30, with a volume of 10,738 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen cut Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd.

Eagle Bancorp Montana Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $16.94 and its two-hundred day moving average price is $16.87. The stock has a market capitalization of $137.54 million, a PE ratio of 10.81 and a beta of 0.34.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, July 29th. The bank reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $23.51 million during the quarter, compared to analyst estimates of $17.34 million. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.10%. On average, equities analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 3.4%. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, August 15th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 36.25%.

Insiders Place Their Bets

In other news, Director Corey Jensen sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total transaction of $42,125.00. Following the completion of the sale, the director owned 6,588 shares of the company’s stock, valued at $111,007.80. This represents a 27.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $15.84, for a total transaction of $158,400.00. Following the sale, the director directly owned 106,033 shares of the company’s stock, valued at $1,679,562.72. The trade was a 8.62% decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brandes Investment Partners LP increased its holdings in Eagle Bancorp Montana by 9.1% during the second quarter. Brandes Investment Partners LP now owns 300,216 shares of the bank’s stock valued at $5,005,000 after buying an additional 25,138 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Eagle Bancorp Montana by 108.0% in the 2nd quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock worth $2,891,000 after purchasing an additional 90,024 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Eagle Bancorp Montana by 549.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock worth $1,982,000 after purchasing an additional 100,600 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Eagle Bancorp Montana by 6.3% in the 2nd quarter. Bank of America Corp DE now owns 77,711 shares of the bank’s stock worth $1,295,000 after purchasing an additional 4,637 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Eagle Bancorp Montana by 90.3% in the 2nd quarter. Ritholtz Wealth Management now owns 68,055 shares of the bank’s stock worth $1,134,000 after purchasing an additional 32,286 shares in the last quarter. 35.66% of the stock is owned by hedge funds and other 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.