Short Interest in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Decreases By 19.9%

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 184,425 shares, a drop of 19.9% from the January 15th total of 230,260 shares. Based on an average trading volume of 47,155 shares, the short-interest ratio is currently 3.9 days. Approximately 2.5% of the shares of the stock are sold short. Approximately 2.5% of the shares of the stock are sold short. Based on an average trading volume of 47,155 shares, the short-interest ratio is currently 3.9 days.

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ EBMT opened at $22.54 on Friday. The company has a 50-day simple moving average of $20.57 and a 200-day simple moving average of $18.15. 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 company has a market cap of $179.19 million, a PE ratio of 11.99 and a beta of 0.31. Eagle Bancorp Montana has a 12 month low of $15.10 and a 12 month high of $23.75.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.13. The business had revenue of $24.29 million for the quarter, compared to the consensus estimate of $18.89 million. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. On average, equities analysts anticipate that Eagle Bancorp Montana will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 13th will be given a $0.145 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.6%. Eagle Bancorp Montana’s payout ratio is currently 30.85%.

Insider Activity at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $22.47, for a total value of $224,700.00. Following the completion of the transaction, the director directly owned 92,260 shares of the company’s stock, valued at $2,073,082.20. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter Joseph Johnson sold 3,355 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $23.11, for a total value of $77,534.05. Following the sale, the director owned 45,518 shares in the company, valued at approximately $1,051,920.98. The trade was a 6.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,547 shares of company stock worth $398,902 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in Eagle Bancorp Montana in the 3rd quarter worth about $25,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana during the 2nd quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Eagle Bancorp Montana in the second quarter worth approximately $29,000. BNP Paribas Financial Markets grew its holdings in Eagle Bancorp Montana by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $30,000 after purchasing an additional 664 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after purchasing an additional 1,766 shares during the last quarter. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EBMT has been the topic of several recent research reports. DA Davidson boosted their price objective on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report 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 reissued a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research note on Monday, December 29th. One research 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.