Allied Investment Advisors LLC Cuts Stock Holdings in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Allied Investment Advisors LLC lowered its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 7.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,769 shares of the bank’s stock after selling 3,000 shares during the period. Allied Investment Advisors LLC’s holdings in Eagle Bancorp Montana were worth $533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Eagle Bancorp Montana by 25.8% during the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after acquiring an additional 2,165 shares during the last quarter. State Street Corp boosted its stake in shares of Eagle Bancorp Montana by 5.9% during the third quarter. State Street Corp now owns 17,838 shares of the bank’s stock valued at $282,000 after purchasing an additional 1,000 shares during the period. Empowered Funds LLC grew its holdings in shares of Eagle Bancorp Montana by 5.0% in the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after purchasing an additional 1,072 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Eagle Bancorp Montana by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock worth $701,000 after purchasing an additional 1,699 shares during the last quarter. Finally, John G Ullman & Associates Inc. increased its stake in shares of Eagle Bancorp Montana by 13.4% in the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after buying an additional 7,382 shares during the period. Institutional investors own 35.66% of the company’s stock.

Insider Buying and Selling at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the transaction, the director now directly owns 57,838 shares of the company’s stock, valued at $981,510.86. This represents a 7.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total value of $151,100.00. Following the sale, the director now directly owns 126,033 shares in the company, valued at approximately $1,904,358.63. The trade was a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th.

Eagle Bancorp Montana Stock Up 3.6 %

NASDAQ EBMT opened at $17.61 on Wednesday. Eagle Bancorp Montana, Inc. has a 1 year low of $12.32 and a 1 year high of $17.62. The stock has a market capitalization of $141.18 million, a PE ratio of 14.20 and a beta of 0.53. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93. The business’s 50-day moving average is $15.45 and its 200 day moving average is $15.68.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. Sell-side analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be issued a $0.1425 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.57 annualized dividend and a yield of 3.24%. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s payout ratio is 45.97%.

About Eagle Bancorp Montana

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.