Pinnacle Holdings LLC acquired a new position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,973 shares of the bank’s stock, valued at approximately $574,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of Eagle Bancorp Montana during the 2nd quarter worth $25,000. Russell Investments Group Ltd. purchased a new position in shares of Eagle Bancorp Montana in the 3rd quarter valued at about $25,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana in the 2nd quarter valued at about $28,000. BNP Paribas Financial Markets increased its holdings in shares of Eagle Bancorp Montana by 60.8% in the 3rd 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 in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock valued at $38,000 after purchasing an additional 1,766 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.
Eagle Bancorp Montana Price Performance
Eagle Bancorp Montana stock opened at $22.85 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $182.11 million, a price-to-earnings ratio of 11.20 and a beta of 0.35. Eagle Bancorp Montana, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.66. The stock’s fifty day moving average is $23.45 and its two-hundred day moving average is $22.50.
Eagle Bancorp Montana Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be paid a $0.1475 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is currently 28.92%.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Weiss Ratings raised shares of Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. Hovde Group increased their target price on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. Finally, DA Davidson lifted their price target on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.50.
Read Our Latest Analysis on Eagle Bancorp Montana
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.
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