Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Short Interest Update

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 22,000 shares, a decrease of 20.0% from the January 31st total of 27,500 shares. Based on an average daily volume of 22,700 shares, the short-interest ratio is presently 1.0 days.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 10,000 shares of the company's 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 sale, the director now directly owns 126,033 shares in the company, valued at $1,904,358.63. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several large investors have recently added to or reduced their stakes in EBMT. Rhino Investment Partners Inc lifted its position in Eagle Bancorp Montana by 18.7% during the fourth quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank's stock worth $3,125,000 after buying an additional 32,074 shares during the period. Renaissance Technologies LLC lifted its position 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 buying an additional 20,812 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Eagle Bancorp Montana during the fourth quarter worth about $308,000. Brandes Investment Partners LP increased its stake in Eagle Bancorp Montana by 9.9% during the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank's stock worth $3,378,000 after acquiring an additional 19,907 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Eagle Bancorp Montana during the fourth quarter worth about $270,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

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Eagle Bancorp Montana Price Performance

Shares of NASDAQ:EBMT traded down $0.09 on Friday, hitting $17.33. The company had a trading volume of 29,629 shares, compared to its average volume of 28,189. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana has a 52-week low of $12.32 and a 52-week high of $18.37. The business has a 50 day moving average of $15.89 and a 200 day moving average of $16.01. The company has a market cap of $138.93 million, a PE ratio of 13.98 and a beta of 0.48.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share 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, equities analysts anticipate that Eagle Bancorp Montana will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a dividend of $0.1425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 3.29%. Eagle Bancorp Montana's dividend payout ratio is 45.97%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a research report 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.