Eagle Bancorp Montana (NASDAQ:EBMT) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.08 and traded as high as $20.71. Eagle Bancorp Montana shares last traded at $20.50, with a volume of 75,695 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EBMT. DA Davidson raised their price target on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research raised shares of Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $23.00.

Eagle Bancorp Montana Price Performance

The business has a 50-day moving average of $21.66 and a two-hundred day moving average of $19.08. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.43. The firm has a market cap of $163.39 million, a P/E ratio of 10.90 and a beta of 0.31.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, January 27th. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The firm had revenue of $24.29 million during the quarter, compared to the consensus estimate of $18.89 million. Eagle Bancorp Montana had a return on equity of 8.06% and a net margin of 11.67%. On average, sell-side analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 13th were given a dividend of $0.145 per share. The ex-dividend date was Friday, February 13th. This represents a $0.58 annualized dividend and a yield of 2.8%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 30.85%.

Insider Transactions at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 4,192 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $23.06, for a total value of $96,667.52. Following the transaction, the director owned 48,873 shares in the company, valued at $1,127,011.38. The trade was a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Samuel Waters sold 2,100 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $22.48, for a total transaction of $47,208.00. Following the completion of the transaction, the director owned 31,534 shares in the company, valued at approximately $708,884.32. The trade was a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 19,647 shares of company stock worth $446,110. Company insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in shares of Eagle Bancorp Montana in the 3rd quarter valued at about $25,000. Raymond James Financial Inc. bought a new stake in Eagle Bancorp Montana in the second quarter worth 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. BNP Paribas Financial Markets boosted its holdings in shares of Eagle Bancorp Montana by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after buying an additional 664 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Eagle Bancorp Montana by 355.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after buying an additional 1,766 shares in the last quarter. 35.66% of the stock is owned by institutional investors.

About Eagle Bancorp Montana

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.