StockNews.com Begins Coverage on Eagle Bancorp Montana (NASDAQ:EBMT)

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

Separately, Hovde Group began coverage on Eagle Bancorp Montana in a research note on Monday, April 22nd. They issued a market perform rating and a $14.00 price target for the company.

Eagle Bancorp Montana Stock Up 1.0 %

NASDAQ:EBMT opened at $13.27 on Thursday. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $106.39 million, a PE ratio of 11.85 and a beta of 0.53. The firm’s 50 day simple moving average is $13.03 and its 200 day simple moving average is $13.48.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $19.17 million for the quarter, compared to analyst estimates of $22.50 million. Eagle Bancorp Montana had a return on equity of 5.29% and a net margin of 7.39%. On average, research analysts anticipate that Eagle Bancorp Montana will post 1.27 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Thursday, May 16th. Eagle Bancorp Montana’s dividend payout ratio is currently 50.00%.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $12.98, for a total transaction of $129,800.00. Following the sale, the director now owns 156,039 shares of the company’s stock, valued at $2,025,386.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Peter Joseph Johnson sold 2,954 shares of Eagle Bancorp Montana stock in a transaction on Friday, May 24th. The shares were sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the sale, the director now owns 71,139 shares in the company, valued at approximately $939,746.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $12.98, for a total transaction of $129,800.00. Following the transaction, the director now owns 156,039 shares in the company, valued at approximately $2,025,386.22. The disclosure for this sale can be found here. Insiders sold a total of 14,405 shares of company stock worth $187,859 over the last three months. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently bought and sold shares of the stock. John G Ullman & Associates Inc. grew its stake in shares of Eagle Bancorp Montana by 23.5% in the 4th quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after buying an additional 4,836 shares during the period. TNF LLC grew its stake in Eagle Bancorp Montana by 4.2% in the fourth quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after acquiring an additional 1,539 shares during the period. Vanguard Group Inc. increased its holdings in shares of Eagle Bancorp Montana by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after purchasing an additional 1,400 shares during the period. 35.66% of the stock is owned by institutional investors.

Eagle Bancorp Montana Company 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.