Eagle Bancorp Montana (NASDAQ:EBMT) Stock Price Passes Above 200 Day Moving Average - Here's Why

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.92 and traded as high as $16.68. Eagle Bancorp Montana shares last traded at $16.41, with a volume of 7,746 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EBMT. Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a research report on Friday, July 5th. They set a "market perform" rating and a $13.50 price target on the stock. StockNews.com started coverage on Eagle Bancorp Montana in a research note on Sunday, September 15th. They issued a "hold" rating on the stock.

Eagle Bancorp Montana Stock Performance

The company has a market cap of $132.32 million, a price-to-earnings ratio of 14.73 and a beta of 0.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94. The company has a fifty day moving average of $15.30 and a two-hundred day moving average of $13.95.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. The firm had revenue of $30.09 million for the quarter, compared to the consensus estimate of $20.50 million. Equities research analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.07 EPS for the current year.

Insiders Place Their Bets

In related news, Director Peter Joseph Johnson sold 7,374 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $14.28, for a total transaction of $105,300.72. Following the transaction, the director now directly owns 61,139 shares of the company's stock, valued at $873,064.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 9,079 shares of company stock worth $129,171. 6.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Eagle Bancorp Montana by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank's stock worth $4,638,000 after acquiring an additional 1,075 shares during the last quarter. Brandes Investment Partners LP boosted its position in Eagle Bancorp Montana by 14.3% in the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank's stock worth $2,254,000 after purchasing an additional 21,441 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 last quarter. John G Ullman & Associates Inc. grew its stake in Eagle Bancorp Montana by 105.1% in the 1st quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank's stock valued at $669,000 after purchasing an additional 26,690 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Eagle Bancorp Montana by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank's stock worth $256,000 after purchasing an additional 1,400 shares during the period. 35.66% of the stock is owned by institutional investors and hedge funds.

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.