John G Ullman & Associates Inc. Acquires 7,382 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

John G Ullman & Associates Inc. increased its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 13.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 62,574 shares of the bank’s stock after buying an additional 7,382 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Eagle Bancorp Montana were worth $988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 valued at $4,638,000 after buying an additional 1,075 shares during the period. Dimensional Fund Advisors LP increased its holdings in Eagle Bancorp Montana by 3.3% in the 2nd 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 raised its stake in 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 period. Finally, Empowered Funds LLC raised its stake in Eagle Bancorp Montana by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after acquiring an additional 1,072 shares during the period. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Peter Joseph Johnson sold 7,374 shares of Eagle Bancorp Montana stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the sale, the director now owns 61,139 shares in the company, valued at approximately $873,064.92. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $16.44, for a total value of $110,230.20. Following the transaction, the director now directly owns 141,033 shares of the company’s stock, valued at $2,318,582.52. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,169 shares of company stock valued at $234,061 in the last three months. Company insiders own 6.70% of the company’s stock.

Eagle Bancorp Montana Stock Down 0.3 %

Eagle Bancorp Montana stock opened at $16.45 on Thursday. The firm has a 50 day simple moving average of $16.24 and a 200 day simple moving average of $14.56. The firm has a market capitalization of $131.93 million, a price-to-earnings ratio of 15.23 and a beta of 0.52. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana, Inc. has a 1-year low of $11.81 and a 1-year high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%. The firm had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $20.60 million. On average, analysts predict that Eagle Bancorp Montana, Inc. will post 1.1 earnings per share for the current year.

Eagle Bancorp Montana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.142 dividend. This represents a $0.57 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is presently 52.78%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research report on Wednesday.

Eagle Bancorp Montana 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.