Insider Selling: Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Sells 6,705 Shares of Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth M. Walsh sold 6,705 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $16.44, for a total transaction of $110,230.20. Following the transaction, the director now directly owns 141,033 shares in the company, valued at approximately $2,318,582.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Eagle Bancorp Montana Price Performance

Eagle Bancorp Montana stock opened at $16.90 on Thursday. The firm has a market cap of $135.54 million, a PE ratio of 15.65 and a beta of 0.52. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.93. The stock’s fifty day moving average price is $15.84 and its two-hundred day moving average price is $14.26. Eagle Bancorp Montana, Inc. has a one year low of $11.26 and a one year high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million. Eagle Bancorp Montana had a return on equity of 5.02% and a net margin of 7.03%. As a group, research analysts expect that Eagle Bancorp Montana, Inc. will post 1.1 EPS for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.142 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Friday, November 15th. Eagle Bancorp Montana’s payout ratio is presently 52.78%.

Institutional Trading of Eagle Bancorp Montana

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Eagle Bancorp Montana by 7.6% in the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after acquiring an additional 1,400 shares during the last quarter. John G Ullman & Associates Inc. increased its stake 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 purchasing an additional 26,690 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Eagle Bancorp Montana by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after buying an additional 2,937 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Eagle Bancorp Montana by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after buying an additional 21,441 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Eagle Bancorp Montana by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a research report on Sunday, September 15th. They set a “hold” rating on the stock.

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.