Eagle Bancorp Montana (NASDAQ:EBMT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a buy rating in a research note released on Tuesday.

Eagle Bancorp Montana Price Performance

Shares of EBMT stock opened at $17.04 on Tuesday. Eagle Bancorp Montana has a fifty-two week low of $11.26 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market capitalization of $136.61 million, a price-to-earnings ratio of 15.78 and a beta of 0.52. The stock’s 50-day simple moving average is $16.05 and its 200-day simple moving average is $14.41.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $31.74 million for the quarter, compared to the consensus estimate of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 5.02%. As a group, equities analysts forecast that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.142 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.57 dividend on an annualized basis and a yield of 3.33%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 52.78%.

Insider Buying and Selling at Eagle Bancorp Montana

In other 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 completion of the transaction, the director now directly owns 61,139 shares in the company, valued at $873,064.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 6,705 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $16.44, for a total value of $110,230.20. Following the sale, the director now directly owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Joseph Johnson sold 7,374 shares of the 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 directly owns 61,139 shares in the company, valued at $873,064.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,784 shares of company stock worth $239,401. 6.70% of the stock is currently owned by insiders.

Institutional Trading of Eagle Bancorp Montana

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in 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. Brandes Investment Partners LP increased its holdings 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 buying an additional 21,441 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 acquiring an additional 2,937 shares during the period. John G Ullman & Associates Inc. grew its position in shares of Eagle Bancorp Montana by 13.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after acquiring an additional 7,382 shares during the period. Finally, 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 in the last quarter. Hedge funds and other 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.