Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Sees Large Decrease in Short Interest

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 18,300 shares, a decrease of 23.1% from the March 15th total of 23,800 shares. Based on an average trading volume of 31,400 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm'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 transaction of $151,100.00. Following the completion of the transaction, the director now owns 126,033 shares in the company, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several hedge funds have recently modified their holdings of EBMT. Bank of America Corp DE boosted its holdings in Eagle Bancorp Montana by 18.6% in the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock worth $79,000 after buying an additional 803 shares during the period. Empowered Funds LLC raised its holdings in shares of Eagle Bancorp Montana by 4.3% in the 4th quarter. Empowered Funds LLC now owns 23,408 shares of the bank's stock valued at $359,000 after acquiring an additional 960 shares in the last quarter. State Street Corp grew its holdings in shares of Eagle Bancorp Montana by 5.9% during the third quarter. State Street Corp now owns 17,838 shares of the bank's stock worth $282,000 after purchasing an additional 1,000 shares in the last quarter. Atria Investments Inc increased its position in shares of Eagle Bancorp Montana by 10.0% in the fourth quarter. Atria Investments Inc now owns 11,097 shares of the bank's stock worth $170,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised 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. Institutional investors own 35.66% of the company's stock.

Eagle Bancorp Montana Price Performance

NASDAQ EBMT traded up $0.16 during midday trading on Thursday, hitting $17.29. The company had a trading volume of 31,077 shares, compared to its average volume of 19,127. The company has a market capitalization of $137.92 million, a PE ratio of 13.94 and a beta of 0.40. Eagle Bancorp Montana has a twelve month low of $12.61 and a twelve month high of $18.37. 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 firm has a 50-day moving average price of $16.93 and a 200-day moving average price of $16.37.

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, topping the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. As a group, analysts anticipate that Eagle Bancorp Montana will post 1.61 earnings per share for the current fiscal year.

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.