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

StockNews.com initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the bank’s stock.

Separately, Hovde Group started 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 target for the company.

Eagle Bancorp Montana Stock Up 1.3 %

NASDAQ EBMT opened at $15.61 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. Eagle Bancorp Montana has a 52 week low of $11.26 and a 52 week high of $17.65. The firm has a market capitalization of $125.15 million, a price-to-earnings ratio of 13.94 and a beta of 0.53. The company has a fifty day moving average of $14.28 and a two-hundred day moving average of $13.40.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). The business had revenue of $30.09 million during the quarter, compared to analysts’ expectations of $20.50 million. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. On average, analysts predict that Eagle Bancorp Montana will post 1.06 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.142 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is 50.89%.

Insider Buying and Selling at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 7,374 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $14.28, for a total value of $105,300.72. Following the completion of the sale, the director now owns 61,139 shares of the company’s stock, valued at approximately $873,064.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 9,079 shares of company stock valued at $129,171. Company insiders own 6.70% of the company’s stock.

Institutional Trading of Eagle Bancorp Montana

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in 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 in the last quarter. Empowered Funds LLC grew its stake in shares of Eagle Bancorp Montana by 7.6% in the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after acquiring an additional 1,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Eagle Bancorp Montana by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after acquiring an additional 2,937 shares during the last quarter. Brandes Investment Partners LP increased its holdings in shares of Eagle Bancorp Montana by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock valued at $2,254,000 after acquiring an additional 21,441 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its holdings in shares of 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 buying an additional 26,690 shares in the last quarter. Hedge funds and other institutional investors 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.