Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.01 and traded as high as $23.34. Eagle Bancorp Montana shares last traded at $22.9050, with a volume of 39,991 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EBMT shares. Zacks Research cut shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eagle Bancorp Montana in a report on Friday, April 10th. DA Davidson lifted their price objective on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Hovde Group lifted their price objective on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.50.

Eagle Bancorp Montana Trading Down 0.1%

The company’s 50-day moving average price is $21.50 and its 200-day moving average price is $20.01. The firm has a market cap of $182.35 million, a price-to-earnings ratio of 11.56 and a beta of 0.35. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. Eagle Bancorp Montana had a net margin of 12.16% and a return on equity of 8.36%. The business had revenue of $23.58 million for the quarter, compared to analyst estimates of $23.05 million. Equities analysts expect that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a $0.145 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.58 annualized dividend and a dividend yield of 2.5%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 29.29%.

Insider Activity

In other news, Director Samuel Waters sold 2,100 shares of Eagle Bancorp Montana stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $22.48, for a total value of $47,208.00. Following the sale, the director owned 31,534 shares in the company, valued at $708,884.32. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Joseph Johnson sold 3,355 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $23.11, for a total transaction of $77,534.05. Following the transaction, the director owned 45,518 shares in the company, valued at $1,051,920.98. The trade was a 6.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,647 shares of company stock worth $221,410. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Eagle Bancorp Montana by 13.3% during the first quarter. Dimensional Fund Advisors LP now owns 222,298 shares of the bank’s stock worth $4,575,000 after acquiring an additional 26,017 shares during the last quarter. Hsbc Holdings PLC boosted its position in Eagle Bancorp Montana by 1.0% during the first quarter. Hsbc Holdings PLC now owns 46,645 shares of the bank’s stock worth $963,000 after acquiring an additional 466 shares during the last quarter. Ritholtz Wealth Management boosted its position in Eagle Bancorp Montana by 10.0% during the first quarter. Ritholtz Wealth Management now owns 64,013 shares of the bank’s stock worth $1,317,000 after acquiring an additional 5,825 shares during the last quarter. Empowered Funds LLC boosted its position in Eagle Bancorp Montana by 10.2% during the fourth quarter. Empowered Funds LLC now owns 33,732 shares of the bank’s stock worth $671,000 after acquiring an additional 3,121 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in Eagle Bancorp Montana by 4.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 70,353 shares of the bank’s stock worth $1,400,000 after acquiring an additional 3,121 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.