Sei Investments Co. purchased a new stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 63,392 shares of the bank’s stock, valued at approximately $1,305,000.
Other institutional investors have also made changes to their positions in the company. Brandes Investment Partners LP lifted its position in shares of Eagle Bancorp Montana by 6.0% during the 4th quarter. Brandes Investment Partners LP now owns 413,888 shares of the bank’s stock worth $8,236,000 after purchasing an additional 23,519 shares during the last quarter. Allied Investment Advisors LLC acquired a new stake in Eagle Bancorp Montana in the 4th quarter valued at approximately $632,000. CWM LLC grew its holdings in Eagle Bancorp Montana by 3.8% in the 4th quarter. CWM LLC now owns 42,964 shares of the bank’s stock valued at $855,000 after buying an additional 1,566 shares during the last quarter. JPMorgan Chase & Co. increased its position in Eagle Bancorp Montana by 87.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,583 shares of the bank’s stock worth $114,000 after buying an additional 3,063 shares during the period. Finally, Ritholtz Wealth Management increased its position in Eagle Bancorp Montana by 7.2% in the 4th quarter. Ritholtz Wealth Management now owns 58,188 shares of the bank’s stock worth $1,158,000 after buying an additional 3,917 shares during the period. 35.66% of the stock is currently owned by institutional investors.
Eagle Bancorp Montana Price Performance
Shares of EBMT stock opened at $23.49 on Wednesday. Eagle Bancorp Montana, Inc. has a 12 month low of $15.80 and a 12 month high of $24.66. The company has a market capitalization of $187.22 million, a P/E ratio of 11.51 and a beta of 0.35. The stock has a 50 day moving average of $23.42 and a two-hundred day moving average of $22.39. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.
Eagle Bancorp Montana Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be issued a $0.1475 dividend. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.59 annualized dividend and a yield of 2.5%. Eagle Bancorp Montana’s payout ratio is presently 28.43%.
Wall Street Analysts Forecast Growth
EBMT has been the subject of several research reports. Hovde Group increased their price objective on Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. DA Davidson boosted their target price on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.50.
Read Our Latest Stock Analysis on EBMT
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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