Eagle Bancorp Montana Inc (NASDAQ:EBMT) Sees Significant Increase in Short Interest

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Eagle Bancorp Montana Inc (NASDAQ:EBMT) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 2,000 shares, a growth of 25.0% from the August 30th total of 1,600 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

In related news, Director Shavon Cape acquired 3,790 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $17.30 per share, for a total transaction of $65,567.00. Following the completion of the acquisition, the director now directly owns 7,145 shares of the company’s stock, valued at approximately $123,608.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in EBMT. Wells Fargo & Company MN lifted its holdings in shares of Eagle Bancorp Montana by 261.4% during the second quarter. Wells Fargo & Company MN now owns 3,303 shares of the bank’s stock valued at $55,000 after purchasing an additional 2,389 shares during the last quarter. Royal Bank of Canada increased its position in shares of Eagle Bancorp Montana by 20,554.2% during the second quarter. Royal Bank of Canada now owns 12,186 shares of the bank’s stock valued at $202,000 after acquiring an additional 12,127 shares in the last quarter. Stockman Wealth Management Inc. increased its position in shares of Eagle Bancorp Montana by 4.1% during the second quarter. Stockman Wealth Management Inc. now owns 26,763 shares of the bank’s stock valued at $444,000 after acquiring an additional 1,050 shares in the last quarter. Naples Global Advisors LLC bought a new stake in shares of Eagle Bancorp Montana during the second quarter valued at approximately $471,000. Finally, Renaissance Technologies LLC increased its position in shares of Eagle Bancorp Montana by 7.1% during the second quarter. Renaissance Technologies LLC now owns 48,560 shares of the bank’s stock valued at $806,000 after acquiring an additional 3,237 shares in the last quarter. Hedge funds and other institutional investors own 36.30% of the company’s stock.

Shares of EBMT stock traded up $0.03 during trading hours on Friday, hitting $16.91. 4,642 shares of the company’s stock traded hands, compared to its average volume of 6,201. The stock’s fifty day simple moving average is $16.77 and its two-hundred day simple moving average is $16.79. Eagle Bancorp Montana has a 12-month low of $14.20 and a 12-month high of $18.28. The stock has a market cap of $110.14 million, a price-to-earnings ratio of 15.80 and a beta of 0.50. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.14.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, July 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. Eagle Bancorp Montana had a net margin of 13.02% and a return on equity of 8.68%. The firm had revenue of $15.20 million during the quarter, compared to analyst estimates of $13.45 million. On average, equities analysts forecast that Eagle Bancorp Montana will post 1.77 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded shares of Eagle Bancorp Montana from a “strong sell” rating to a “sell” rating in a report on Thursday.

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 in Montana. The company accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

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