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

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

Separately, Hovde Group initiated coverage on Eagle Bancorp Montana in a report on Friday, July 5th. They set a market perform rating and a $13.50 target price for the company.

Eagle Bancorp Montana Stock Performance

Shares of EBMT stock opened at $14.99 on Friday. The firm’s 50 day moving average is $14.10 and its 200 day moving average is $13.34. The stock has a market capitalization of $120.22 million, a P/E ratio of 13.38 and a beta of 0.53. Eagle Bancorp Montana has a 12 month low of $11.26 and a 12 month high of $17.65. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.61.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results 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 business had revenue of $30.09 million for the quarter, compared to the consensus estimate of $20.50 million. On average, sell-side analysts anticipate that Eagle Bancorp Montana will post 1.06 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $0.142 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.57 annualized dividend and a dividend yield of 3.79%. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is presently 50.89%.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the sale, the director now owns 61,139 shares of the company’s stock, valued at approximately $873,064.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 9,079 shares of company stock worth $129,171. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of 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 last quarter. Empowered Funds LLC grew its stake 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 valued at $256,000 after buying an additional 1,400 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 2,937 shares during the period. Brandes Investment Partners LP increased its holdings in shares of Eagle Bancorp Montana by 14.3% in the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after buying an additional 21,441 shares during the period. Finally, John G Ullman & Associates Inc. grew its position in Eagle Bancorp Montana by 105.1% during the 1st quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock worth $669,000 after acquiring an additional 26,690 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

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.