Eagle Bancorp Montana (NASDAQ:EBMT) Announces Quarterly Earnings Results

Eagle Bancorp Montana (NASDAQ:EBMT) issued its quarterly earnings data on Tuesday. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15, Zacks reports. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%.

Eagle Bancorp Montana Price Performance

EBMT traded up $0.20 during trading hours on Tuesday, hitting $15.25. The company’s stock had a trading volume of 521 shares, compared to its average volume of 19,657. Eagle Bancorp Montana has a 12 month low of $12.32 and a 12 month high of $17.62. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. The business’s 50-day moving average price is $15.94 and its 200-day moving average price is $15.53. The stock has a market cap of $122.31 million, a price-to-earnings ratio of 14.12 and a beta of 0.53.

Analysts Set New Price Targets

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

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $16.44, for a total transaction of $110,230.20. Following the transaction, the director now owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter Joseph Johnson sold 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the sale, the director now owns 57,838 shares of the company’s stock, valued at approximately $981,510.86. This represents a 7.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,795 shares of company stock worth $213,610 over the last 90 days. 6.70% of the stock is owned by insiders.

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.