StockNews.com lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT - Free Report) from a buy rating to a hold rating in a research report report published on Wednesday.
Eagle Bancorp Montana Stock Down 0.3 %
EBMT traded down $0.05 during midday trading on Wednesday, reaching $16.45. 25,944 shares of the company were exchanged, compared to its average volume of 11,307. Eagle Bancorp Montana has a one year low of $11.81 and a one year high of $17.65. The company's fifty day moving average price is $16.21 and its 200 day moving average price is $14.54. The company has a market cap of $131.93 million, a price-to-earnings ratio of 15.28 and a beta of 0.52. 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 (NASDAQ:EBMT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $31.74 million during the quarter, compared to analyst estimates of $20.60 million. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%. As a group, analysts expect that Eagle Bancorp Montana will post 1.1 EPS for the current year.
Eagle Bancorp Montana Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.142 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.45%. Eagle Bancorp Montana's dividend payout ratio is presently 52.78%.
Insider Transactions at Eagle Bancorp Montana
In related news, Director Kenneth M. Walsh sold 6,705 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $16.44, for a total transaction of $110,230.20. Following the completion of the transaction, the director now owns 141,033 shares in the company, valued at $2,318,582.52. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Joseph Johnson sold 7,374 shares of Eagle Bancorp Montana stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the sale, the director now directly owns 61,139 shares of the company's stock, valued at approximately $873,064.92. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,169 shares of company stock worth $234,061 in the last 90 days. 6.70% of the stock is currently owned by insiders.
Institutional Trading of Eagle Bancorp Montana
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBMT. Barclays PLC lifted 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. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 11,490 shares in the last quarter. State Street Corp lifted its position in 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 acquiring an additional 1,000 shares during the last quarter. Fourthstone LLC boosted its stake in Eagle Bancorp Montana by 1.1% during the 3rd quarter. Fourthstone LLC now owns 520,663 shares of the bank's stock worth $8,221,000 after purchasing an additional 5,898 shares during the period. Finally, John G Ullman & Associates Inc. increased its holdings in shares of Eagle Bancorp Montana by 13.4% in the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank's stock valued at $988,000 after purchasing an additional 7,382 shares during the period. Institutional investors and hedge funds own 35.66% of the company's stock.
About Eagle Bancorp Montana
(
Get 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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