Empowered Funds LLC Buys New Holdings in Eagle Bancorp Montana, Inc. $EBMT

Empowered Funds LLC purchased a new position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMTFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 40,140 shares of the bank’s stock, valued at approximately $961,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Eagle Bancorp Montana during the 2nd quarter worth approximately $15,611,000. Brandes Investment Partners LP lifted its position in shares of Eagle Bancorp Montana by 6.0% in the fourth quarter. Brandes Investment Partners LP now owns 413,888 shares of the bank’s stock valued at $8,236,000 after acquiring an additional 23,519 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Eagle Bancorp Montana in the second quarter worth approximately $9,468,000. Fourthstone LLC grew its holdings in shares of Eagle Bancorp Montana by 272.3% during the fourth quarter. Fourthstone LLC now owns 342,748 shares of the bank’s stock worth $6,821,000 after buying an additional 250,681 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Eagle Bancorp Montana by 13.3% in the first quarter. Dimensional Fund Advisors LP now owns 222,298 shares of the bank’s stock valued at $4,575,000 after buying an additional 26,017 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Stock Performance

NASDAQ EBMT opened at $22.89 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $182.43 million, a P/E ratio of 11.22 and a beta of 0.35. The stock has a 50-day moving average of $23.31 and a two-hundred day moving average of $22.48. Eagle Bancorp Montana, Inc. has a 1-year low of $15.80 and a 1-year high of $24.66.

Eagle Bancorp Montana (NASDAQ:EBMTGet Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $24.16 million during the quarter, compared to analyst estimates of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%. As a group, analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were issued a $0.1475 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was 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 presently 28.92%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Check Out Our Latest Stock Report on Eagle Bancorp Montana

Eagle Bancorp Montana Profile

(Free Report)

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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Institutional Ownership by Quarter for Eagle Bancorp Montana (NASDAQ:EBMT)

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