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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.90 and traded as high as $17.98. Eagle Bancorp Montana shares last traded at $17.88, with a volume of 24,647 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th.

Eagle Bancorp Montana Trading Down 0.5 %

The business has a 50 day moving average of $15.70 and a 200 day moving average of $15.94. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market capitalization of $142.58 million, a price-to-earnings ratio of 14.34 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be issued a $0.1425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Eagle Bancorp Montana's previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 3.20%. Eagle Bancorp Montana's dividend payout ratio (DPR) is 45.97%.

Insider Transactions at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the business's stock in a transaction that occurred on 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 directly owns 126,033 shares in the company, valued at approximately $1,904,358.63. The trade was a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.70% of the company's stock.

Institutional Trading of Eagle Bancorp Montana

Several hedge funds have recently bought and sold shares of EBMT. Bank of America Corp DE increased its position in shares of Eagle Bancorp Montana by 18.6% during the fourth quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock worth $79,000 after acquiring an additional 803 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Eagle Bancorp Montana in the 4th quarter valued at about $166,000. Barclays PLC grew its holdings in shares of Eagle Bancorp Montana by 25.8% during the third quarter. Barclays PLC now owns 10,567 shares of the bank's stock worth $167,000 after buying an additional 2,165 shares in the last quarter. Atria Investments Inc lifted its stake in Eagle Bancorp Montana by 10.0% in the 4th quarter. Atria Investments Inc now owns 11,097 shares of the bank's stock valued at $170,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Eagle Bancorp Montana during the 4th quarter worth approximately $188,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

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.