Eagle Bancorp Montana (NASDAQ:EBMT) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.21 and traded as high as $15.40. Eagle Bancorp Montana shares last traded at $15.26, with a volume of 25,769 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Eagle Bancorp Montana Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The company’s 50 day moving average is $16.65 and its 200 day moving average is $15.22. The firm has a market capitalization of $122.34 million, a price-to-earnings ratio of 14.13 and a beta of 0.51.

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

Eagle Bancorp Montana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.142 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.57 annualized dividend and a yield of 3.72%. Eagle Bancorp Montana’s dividend payout ratio is presently 52.78%.

Insider Activity

In other news, Director Kenneth M. Walsh sold 6,705 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $16.44, for a total transaction of $110,230.20. Following the completion of the sale, the director now owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. This represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Joseph Johnson sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total transaction of $84,850.00. Following the sale, the director now owns 57,838 shares in the company, valued at $981,510.86. This represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,795 shares of company stock worth $213,610. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of 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 purchasing an additional 1,072 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $1,236,000 after buying an additional 2,937 shares in the last quarter. Brandes Investment Partners LP grew its position in Eagle Bancorp Montana by 14.3% in the second 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 last quarter. John G Ullman & Associates Inc. lifted its holdings 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 acquiring an additional 7,382 shares during the last quarter. Finally, Fourthstone LLC grew its holdings in shares of Eagle Bancorp Montana by 1.1% during the 3rd quarter. Fourthstone LLC now owns 520,663 shares of the bank’s stock valued at $8,221,000 after purchasing an additional 5,898 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

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.