StockNews.com Initiates Coverage on Eagle Bancorp Montana (NASDAQ:EBMT)

StockNews.com assumed coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report report published on Monday morning. The brokerage issued a hold rating on the bank’s stock.

Separately, Hovde Group initiated coverage on Eagle Bancorp Montana in a research note on Friday, July 5th. They set a market perform rating and a $13.50 target price for the company.

Eagle Bancorp Montana Stock Performance

Shares of EBMT stock opened at $14.06 on Monday. The company has a market cap of $112.76 million, a price-to-earnings ratio of 12.55 and a beta of 0.54. The stock has a 50 day simple moving average of $13.45 and a 200-day simple moving average of $13.31. Eagle Bancorp Montana has a 12-month low of $11.26 and a 12-month high of $17.65. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.40.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The business had revenue of $30.09 million for the quarter, compared to analysts’ expectations of $20.50 million. Eagle Bancorp Montana had a return on equity of 5.11% and a net margin of 7.06%. On average, equities analysts forecast that Eagle Bancorp Montana will post 1.18 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $0.142 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is currently 50.00%.

Insider Buying and Selling

In related news, Director Peter Joseph Johnson sold 2,954 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $13.21, for a total value of $39,022.34. Following the sale, the director now owns 71,139 shares in the company, valued at approximately $939,746.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director M Walsh Kenneth 10,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Joseph Johnson sold 2,954 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $13.21, for a total value of $39,022.34. Following the sale, the director now owns 71,139 shares in the company, valued at approximately $939,746.19. The disclosure for this sale can be found here. Insiders have sold a total of 14,405 shares of company stock worth $187,859 in the last quarter. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Eagle Bancorp Montana

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its holdings in Eagle Bancorp Montana by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after buying an additional 1,400 shares during the last quarter. John G Ullman & Associates Inc. boosted its holdings in shares of Eagle Bancorp Montana by 23.5% during the fourth quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock worth $401,000 after purchasing an additional 4,836 shares during the last quarter. TNF LLC boosted its holdings in shares of Eagle Bancorp Montana by 4.2% during the fourth quarter. TNF LLC now owns 37,868 shares of the bank’s stock worth $564,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Eagle Bancorp Montana by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

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.