Eagle Bancorp Montana, Inc. (NASDAQ:EBMT – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.93 and traded as high as $23.77. Eagle Bancorp Montana shares last traded at $23.68, with a volume of 36,933 shares traded.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on EBMT shares. Hovde Group increased their price objective on Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. DA Davidson upped their target price on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Zacks Research cut shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.
Eagle Bancorp Montana Stock Down 3.0%
Eagle Bancorp Montana (NASDAQ:EBMT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%.The firm had revenue of $23.58 million during the quarter, compared to analysts’ expectations of $23.05 million. Sell-side analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.04 EPS for the current fiscal year.
Eagle Bancorp Montana Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, May 15th. Eagle Bancorp Montana’s dividend payout ratio is presently 29.29%.
Insider Buying and Selling at Eagle Bancorp Montana
In related news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $22.83, for a total value of $228,300.00. Following the completion of the transaction, the director directly owned 82,260 shares of the company’s stock, valued at $1,877,995.80. The trade was a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.80% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Eagle Bancorp Montana in the 3rd quarter valued at about $25,000. Raymond James Financial Inc. bought a new position in shares of Eagle Bancorp Montana in the second quarter worth about $28,000. BNP Paribas Financial Markets lifted its position in shares of Eagle Bancorp Montana by 60.8% during the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after purchasing an additional 664 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 in the last quarter. Finally, State of Wyoming bought a new stake in shares of Eagle Bancorp Montana during the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 35.66% of the company’s stock.
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.
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