Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,102 shares of the bank's stock, valued at approximately $308,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.25% of Eagle Bancorp Montana as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its stake in Eagle Bancorp Montana by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 77,133 shares of the bank's stock valued at $1,218,000 after acquiring an additional 11,490 shares in the last quarter. Fourthstone LLC grew its position in shares of Eagle Bancorp Montana by 1.1% in the third quarter. Fourthstone LLC now owns 520,663 shares of the bank's stock valued at $8,221,000 after purchasing an additional 5,898 shares in the last quarter. Barclays PLC increased its holdings in shares of Eagle Bancorp Montana by 25.8% in the third quarter. Barclays PLC now owns 10,567 shares of the bank's stock valued at $167,000 after purchasing an additional 2,165 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Eagle Bancorp Montana by 3.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank's stock worth $701,000 after buying an additional 1,699 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Eagle Bancorp Montana by 5.0% during the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank's stock worth $354,000 after buying an additional 1,072 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Eagle Bancorp Montana
In other news, Director Kenneth M. Walsh sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total value of $151,100.00. Following the transaction, the director now directly owns 126,033 shares in the company, valued at approximately $1,904,358.63. This represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by insiders.
Eagle Bancorp Montana Price Performance
NASDAQ:EBMT remained flat at $16.87 on Thursday. 17,359 shares of the company's stock traded hands, compared to its average volume of 15,985. The stock has a fifty day moving average price of $16.45 and a two-hundred day moving average price of $16.24. The firm has a market capitalization of $134.57 million, a PE ratio of 13.60 and a beta of 0.48. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. Eagle Bancorp Montana, Inc. has a 12 month low of $12.32 and a 12 month high of $18.37.
Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 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, analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.
Eagle Bancorp Montana Increases Dividend
The firm 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 dividend yield of 3.38%. This is an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date was Friday, February 14th. Eagle Bancorp Montana's dividend payout ratio (DPR) is presently 45.97%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a report on Wednesday, January 29th.
Check Out Our Latest Report on Eagle Bancorp Montana
About Eagle Bancorp Montana
(
Free Report)
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.
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