Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.80 and traded as high as $23.00. Eagle Bancorp Montana shares last traded at $22.95, with a volume of 108,088 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research note on Monday, December 29th. Zacks Research downgraded shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, DA Davidson raised their price objective on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Eagle Bancorp Montana currently has a consensus rating of “Hold” and an average target price of $23.00.

Eagle Bancorp Montana Stock Up 2.3%

The firm’s 50 day simple moving average is $19.59 and its 200-day simple moving average is $17.80. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $182.45 million, a price-to-earnings ratio of 12.21 and a beta of 0.31.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.13. The company had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $18.89 million. Eagle Bancorp Montana had a return on equity of 8.17% and a net margin of 11.67%. Equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.145 per share. The ex-dividend date is Friday, February 13th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.5%. Eagle Bancorp Montana’s dividend payout ratio is currently 30.85%.

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. raised its position in Eagle Bancorp Montana by 549.7% during the second quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock worth $1,982,000 after acquiring an additional 100,600 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $2,891,000 after purchasing an additional 90,024 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter valued at about $751,000. Marshall Wace LLP acquired a new stake in Eagle Bancorp Montana in the 2nd quarter valued at about $699,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Eagle Bancorp Montana by 145.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 66,642 shares of the bank’s stock worth $1,111,000 after purchasing an additional 39,464 shares during the period. 35.66% of the stock is owned by institutional investors.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.