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

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

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

Eagle Bancorp Montana Stock Performance

Shares of EBMT opened at $14.99 on Friday. The company has a 50-day simple moving average of $14.06 and a two-hundred day simple moving average of $13.33. 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 firm has a market capitalization of $120.22 million, a PE ratio of 13.38 and a beta of 0.53. Eagle Bancorp Montana 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, July 23rd. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The firm had revenue of $30.09 million during the quarter, compared to analysts’ expectations of $20.50 million. Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.07%. On average, analysts anticipate that Eagle Bancorp Montana will post 1.06 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.142 dividend. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, August 16th. Eagle Bancorp Montana’s payout ratio is currently 50.89%.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the business’s 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 sale, the director now directly owns 61,139 shares of the company’s stock, valued at $873,064.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 9,079 shares of company stock worth $129,171 in the last 90 days. Insiders own 6.70% of the company’s stock.

Institutional Trading of Eagle Bancorp Montana

Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC grew its holdings 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 valued at $256,000 after buying an additional 1,400 shares during the last quarter. John G Ullman & Associates Inc. lifted its position 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 acquiring an additional 26,690 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Eagle Bancorp Montana by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after purchasing 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 worth $2,254,000 after purchasing an additional 21,441 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Eagle Bancorp Montana by 0.3% in 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. 35.66% of the stock is currently owned by institutional investors.

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.