Eagle Bancorp Montana (NASDAQ:EBMT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.89 and traded as high as $16.97. Eagle Bancorp Montana shares last traded at $16.85, with a volume of 17,116 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Bancorp Montana in a research note on Wednesday, October 8th. Wall Street Zen lowered Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Eagle Bancorp Montana Trading Up 1.0%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $16.89. The company has a market cap of $133.96 million, a P/E ratio of 10.53 and a beta of 0.34.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, July 29th. The bank reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Eagle Bancorp Montana had a return on equity of 7.10% and a net margin of 10.09%.The company had revenue of $23.51 million for the quarter, compared to the consensus estimate of $17.34 million. Analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, August 15th. 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. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 36.25%.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Corey Jensen sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $16.85, for a total transaction of $42,125.00. Following the transaction, the director owned 6,588 shares of the company’s stock, valued at $111,007.80. This trade represents a 27.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $15.84, for a total value of $158,400.00. Following the transaction, the director directly owned 106,033 shares in the company, valued at approximately $1,679,562.72. This represents a 8.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently bought and sold shares of EBMT. Raymond James Financial Inc. acquired a new position in Eagle Bancorp Montana in the second quarter valued at approximately $28,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Eagle Bancorp Montana in the second quarter valued at approximately $29,000. Jones Financial Companies Lllp boosted its stake in Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock valued at $38,000 after acquiring an additional 1,766 shares during the period. State of Wyoming acquired a new position in Eagle Bancorp Montana in the second quarter valued at approximately $46,000. Finally, JPMorgan Chase & Co. boosted its stake in Eagle Bancorp Montana by 230.8% in the second quarter. JPMorgan Chase & Co. now owns 3,520 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,456 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

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.