Hillsdale Investment Management Inc. Makes New Investment in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Hillsdale Investment Management Inc. bought a new stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,800 shares of the bank's stock, valued at approximately $227,000. Hillsdale Investment Management Inc. owned 0.18% of Eagle Bancorp Montana as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in Eagle Bancorp Montana by 25.8% in the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank's stock worth $167,000 after purchasing an additional 2,165 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of Eagle Bancorp Montana by 9.9% during the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank's stock worth $3,378,000 after purchasing an additional 19,907 shares during the period. Empowered Funds LLC raised its position in shares of Eagle Bancorp Montana by 4.3% in the fourth quarter. Empowered Funds LLC now owns 23,408 shares of the bank's stock valued at $359,000 after buying an additional 960 shares in the last quarter. State Street Corp boosted its stake in shares of Eagle Bancorp Montana by 5.9% in the third quarter. State Street Corp now owns 17,838 shares of the bank's stock valued at $282,000 after buying an additional 1,000 shares during the period. Finally, Geode Capital Management LLC grew its position in Eagle Bancorp Montana by 17.5% during the third quarter. Geode Capital Management LLC now owns 77,133 shares of the bank's stock worth $1,218,000 after buying an additional 11,490 shares in the last quarter. Institutional investors own 35.66% of the company's stock.

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Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total value of $151,100.00. Following the completion of the transaction, the director now owns 126,033 shares of the company's stock, valued at $1,904,358.63. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th.

Eagle Bancorp Montana Price Performance

Shares of EBMT traded down $0.17 during midday trading on Friday, hitting $16.70. The company's stock had a trading volume of 14,357 shares, compared to its average volume of 16,082. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana, Inc. has a one year low of $12.32 and a one year high of $18.37. The stock has a market capitalization of $133.22 million, a price-to-earnings ratio of 13.47 and a beta of 0.48. The company's fifty day simple moving average is $16.52 and its two-hundred day simple moving average is $16.26.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. As a group, equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 3.41%. This is a boost from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, February 14th. Eagle Bancorp Montana's dividend payout ratio is currently 45.97%.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.