Eagle Bancorp Montana (NASDAQ:EBMT) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.03 and traded as high as $16.85. Eagle Bancorp Montana shares last traded at $16.75, with a volume of 13,411 shares traded.

Analyst Ratings Changes

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

Eagle Bancorp Montana Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $134.28 million, a PE ratio of 15.51 and a beta of 0.51. The stock's 50-day moving average is $16.77 and its two-hundred day moving average is $15.04.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm 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%. On average, equities analysts predict that Eagle Bancorp Montana, Inc. will post 1.1 EPS for the current year.

Eagle Bancorp Montana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.142 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, November 15th. Eagle Bancorp Montana's dividend payout ratio is currently 52.78%.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 6,705 shares of Eagle Bancorp Montana stock in a transaction on Friday, November 1st. The stock was sold at an average price of $16.44, for a total transaction of $110,230.20. Following the completion of the sale, the director now directly owns 141,033 shares of the company's stock, valued at $2,318,582.52. The trade was a 4.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter Joseph Johnson sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total value of $84,850.00. Following the transaction, the director now directly owns 57,838 shares in the company, valued at $981,510.86. The trade was a 7.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,795 shares of company stock valued at $213,610 in the last 90 days. Company insiders own 6.70% of the company's stock.

Institutional Trading of Eagle Bancorp Montana

A number of hedge funds have recently added to or reduced their stakes in EBMT. Barclays PLC boosted its position in Eagle Bancorp Montana by 25.8% during the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank's stock valued at $167,000 after acquiring an additional 2,165 shares in the last quarter. State Street Corp lifted its stake in shares of Eagle Bancorp Montana by 5.9% during the 3rd quarter. State Street Corp now owns 17,838 shares of the bank's stock worth $282,000 after purchasing an additional 1,000 shares during the last quarter. Empowered Funds LLC boosted its position in Eagle Bancorp Montana by 5.0% during the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank's stock valued at $354,000 after purchasing an additional 1,072 shares in the last quarter. John G Ullman & Associates Inc. grew its stake in 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 last quarter. Finally, Geode Capital Management LLC raised its holdings in Eagle Bancorp Montana by 17.5% in 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. 35.66% of the stock is owned by hedge funds and other institutional investors.

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.