Peter Joseph Johnson Sells 4,192 Shares of Eagle Bancorp Montana (NASDAQ:EBMT) Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Peter Joseph Johnson sold 4,192 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $23.06, for a total transaction of $96,667.52. Following the completion of the sale, 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 accessible through the SEC website.

Peter Joseph Johnson also recently made the following trade(s):

• On Wednesday, February 11th, Peter Joseph Johnson sold 3,355 shares of Eagle Bancorp Montana stock. The stock was sold at an average price of $23.11, for a total transaction of $77,534.05.

Eagle Bancorp Montana Stock Down 0.7%

Eagle Bancorp Montana stock traded down $0.16 during mid-day trading on Wednesday, hitting $22.86. The company’s stock had a trading volume of 39,303 shares, compared to its average volume of 48,250. The company has a market cap of $181.74 million, a PE ratio of 12.16 and a beta of 0.31. Eagle Bancorp Montana, Inc. has a 52-week low of $14.87 and a 52-week high of $23.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.89 and a quick ratio of 0.88. The firm’s 50 day moving average is $20.25 and its 200 day moving average is $18.02.

Eagle Bancorp Montana (NASDAQ:EBMT) last released 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. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. The firm had revenue of $24.29 million for the quarter, compared to analyst estimates of $18.89 million. On average, analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in Eagle Bancorp Montana in the second quarter valued at $751,000. Ritholtz Wealth Management boosted its holdings in shares of Eagle Bancorp Montana by 90.3% during the 2nd quarter. Ritholtz Wealth Management now owns 68,055 shares of the bank’s stock worth $1,134,000 after buying an additional 32,286 shares during the period. Allied Investment Advisors LLC bought a new stake in shares of Eagle Bancorp Montana during the second quarter worth approximately $530,000. Hillsdale Investment Management Inc. boosted its stake in Eagle Bancorp Montana by 549.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock valued at $1,982,000 after purchasing an additional 100,600 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Eagle Bancorp Montana by 79.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,108 shares of the bank’s stock valued at $685,000 after acquiring an additional 18,156 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.