Kenneth Walsh Sells 10,000 Shares of Eagle Bancorp Montana (NASDAQ:EBMT) Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth Walsh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $22.47, for a total value of $224,700.00. Following the completion of the transaction, the director owned 92,260 shares in the company, valued at $2,073,082.20. This represents a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Eagle Bancorp Montana Price Performance

NASDAQ EBMT opened at $23.45 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $186.43 million, a PE ratio of 12.47 and a beta of 0.31. Eagle Bancorp Montana, Inc. has a 12-month low of $14.87 and a 12-month high of $23.75. The company has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $17.92.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. The business had revenue of $24.29 million for the quarter, compared to the consensus estimate of $18.89 million. As a group, equities analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, February 13th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

A number of brokerages have recently commented on EBMT. Weiss Ratings reissued a “buy (b-)” rating on shares of Eagle Bancorp Montana in a report on Monday, December 29th. DA Davidson increased their price target on Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Zacks Research raised shares of Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Eagle Bancorp Montana presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EBMT. CWM LLC grew its stake in shares of Eagle Bancorp Montana by 3.8% in the fourth quarter. CWM LLC now owns 42,964 shares of the bank’s stock worth $855,000 after acquiring an additional 1,566 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Eagle Bancorp Montana by 7.2% in the 4th quarter. Ritholtz Wealth Management now owns 58,188 shares of the bank’s stock valued at $1,158,000 after purchasing an additional 3,917 shares during the period. JPMorgan Chase & Co. grew its position in Eagle Bancorp Montana by 87.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,583 shares of the bank’s stock worth $114,000 after purchasing an additional 3,063 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Eagle Bancorp Montana by 5.2% during the 3rd quarter. Bridgeway Capital Management LLC now owns 67,232 shares of the bank’s stock worth $1,161,000 after purchasing an additional 3,294 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Eagle Bancorp Montana by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after purchasing an additional 664 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Montana Company Profile

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.