Eagle Bancorp Montana (NASDAQ:EBMT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research note published on Friday morning. The firm issued a hold rating on the bank’s stock.

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

Eagle Bancorp Montana Trading Up 0.7 %

Shares of EBMT stock opened at $15.00 on Friday. Eagle Bancorp Montana has a 1 year low of $11.26 and a 1 year high of $17.65. 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 stock’s 50 day simple moving average is $13.82 and its two-hundred day simple moving average is $13.25. The company has a market cap of $120.26 million, a PE ratio of 13.39 and a beta of 0.54.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.07%. The company had revenue of $30.09 million for the quarter, compared to analysts’ expectations of $20.50 million. Research analysts predict that Eagle Bancorp Montana will post 1.06 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

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

Insider Activity

In other news, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the transaction, the director now owns 61,139 shares of the company’s stock, valued at $873,064.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 9,079 shares of company stock valued at $129,171. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Eagle Bancorp Montana by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after buying an additional 1,400 shares during the period. John G Ullman & Associates Inc. raised its holdings in shares of Eagle Bancorp Montana by 105.1% in the first 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 lifted its stake in Eagle Bancorp Montana by 3.3% in the second 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 period. Brandes Investment Partners LP grew its holdings in Eagle Bancorp Montana by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after acquiring an additional 21,441 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Eagle Bancorp Montana by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after purchasing an additional 1,075 shares during the period. Institutional investors own 35.66% of the company’s stock.

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.