Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Short Interest Update

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 18,300 shares, an increase of 11.6% from the December 15th total of 16,400 shares. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Eagle Bancorp Montana from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.

Eagle Bancorp Montana Stock Up 1.1 %

Shares of NASDAQ EBMT traded up $0.17 during mid-day trading on Friday, reaching $15.25. The company had a trading volume of 9,833 shares, compared to its average volume of 20,397. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market capitalization of $122.31 million, a price-to-earnings ratio of 14.12 and a beta of 0.53. The stock has a fifty day moving average of $16.15 and a two-hundred day moving average of $15.42. Eagle Bancorp Montana has a 12-month low of $12.32 and a 12-month high of $17.62.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. The business had revenue of $31.74 million for the quarter, compared to the consensus estimate of $20.60 million. As a group, equities research analysts expect that Eagle Bancorp Montana will post 1.1 EPS for the current year.

Insider Buying and Selling

In other news, Director Peter Joseph Johnson sold 5,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total transaction of $84,850.00. Following the completion of the transaction, the director now directly owns 57,838 shares in the company, valued at approximately $981,510.86. The trade was a 7.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth M. Walsh sold 6,705 shares of Eagle Bancorp Montana stock in a transaction on Friday, November 1st. The shares were sold at an average price of $16.44, for a total value of $110,230.20. Following the sale, the director now directly owns 141,033 shares in the company, valued at $2,318,582.52. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,795 shares of company stock worth $213,610 in the last three months. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several institutional investors have recently bought and sold shares of EBMT. Brandes Investment Partners LP boosted its holdings in shares of Eagle Bancorp Montana by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank's stock worth $2,254,000 after buying an additional 21,441 shares during the period. Geode Capital Management LLC lifted its position 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 worth $1,218,000 after acquiring an additional 11,490 shares during the last quarter. John G Ullman & Associates Inc. boosted its holdings in Eagle Bancorp Montana by 13.4% during the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank's stock valued at $988,000 after acquiring an additional 7,382 shares during the period. 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Eagle Bancorp Montana by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank's stock worth $1,236,000 after purchasing an additional 2,937 shares during the period. 35.66% of the stock is currently owned by institutional investors.

About Eagle Bancorp Montana

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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