Fourthstone LLC Has $6.92 Million Stock Position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Fourthstone LLC lowered its position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 451,237 shares of the bank's stock after selling 69,426 shares during the quarter. Eagle Bancorp Montana accounts for 1.4% of Fourthstone LLC's holdings, making the stock its 23rd biggest position. Fourthstone LLC owned approximately 5.63% of Eagle Bancorp Montana worth $6,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brandes Investment Partners LP lifted its position in Eagle Bancorp Montana by 9.9% during the 4th quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank's stock worth $3,378,000 after buying an additional 19,907 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Eagle Bancorp Montana by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank's stock worth $1,667,000 after acquiring an additional 20,812 shares in the last quarter. Geode Capital Management LLC boosted its position in Eagle Bancorp Montana by 17.5% during the third quarter. Geode Capital Management LLC now owns 77,133 shares of the bank's stock valued at $1,218,000 after purchasing an additional 11,490 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Eagle Bancorp Montana by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank's stock valued at $701,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Eagle Bancorp Montana by 47.1% during the 4th quarter. Alliancebernstein L.P. now owns 33,666 shares of the bank's stock worth $516,000 after purchasing an additional 10,780 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Montana Stock Performance

Eagle Bancorp Montana stock traded up $0.34 during trading hours on Friday, hitting $16.52. The company had a trading volume of 60,126 shares, compared to its average volume of 18,595. Eagle Bancorp Montana, Inc. has a one year low of $12.42 and a one year high of $18.37. The firm has a market cap of $131.78 million, a PE ratio of 13.32 and a beta of 0.40. The firm has a 50-day moving average of $16.87 and a 200 day moving average of $16.34. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect 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. Shareholders of record on Friday, February 14th were paid a $0.1425 dividend. This is a boost from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date was Friday, February 14th. This represents a $0.57 annualized dividend and a yield of 3.45%. Eagle Bancorp Montana's payout ratio is 45.97%.

Insider Buying and Selling at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction 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 of the company's stock, valued at $1,904,358.63. The trade was a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.