Eagle Bancorp Montana (NASDAQ:EBMT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report released on Friday morning. The firm issued a hold rating on the bank’s stock.

Separately, Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a report on Friday, July 5th. They issued a market perform rating and a $13.50 price objective on the stock.

Eagle Bancorp Montana Stock Up 0.7 %

Shares of Eagle Bancorp Montana stock opened at $15.00 on Friday. The company’s 50 day moving average price is $13.86 and its 200-day moving average price is $13.26. Eagle Bancorp Montana has a 52-week low of $11.26 and a 52-week high of $17.65. 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 stock has a market capitalization of $120.26 million, a price-to-earnings ratio of 13.39 and a beta of 0.54.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 EPS 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 company had revenue of $30.09 million during the quarter, compared to the consensus estimate of $20.50 million. Equities research analysts forecast that Eagle Bancorp Montana will post 1.06 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a $0.142 dividend. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, August 16th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 50.89%.

Insider Buying and Selling at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 7,374 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares of the company’s stock, valued at approximately $873,064.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 9,079 shares of company stock worth $129,171. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Eagle Bancorp Montana

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of 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 in the last quarter. Empowered Funds LLC boosted its stake in shares of Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP increased its stake in Eagle Bancorp Montana by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after buying an additional 2,937 shares during the period. Brandes Investment Partners LP lifted 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 valued at $2,254,000 after purchasing an additional 21,441 shares during the period. Finally, John G Ullman & Associates Inc. boosted its holdings 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 in 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.