Eagle Bancorp Montana (NASDAQ:EBMT) Stock Passes Above 200-Day Moving Average – What’s Next?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.90 and traded as high as $17.98. Eagle Bancorp Montana shares last traded at $17.88, with a volume of 24,647 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

Eagle Bancorp Montana Stock Performance

The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $15.90. The company has a market capitalization of $143.34 million, a price-to-earnings ratio of 14.42 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. On average, analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, February 14th. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 45.97%.

Insider Activity

In other news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total value of $151,100.00. Following the transaction, the director now owns 126,033 shares in the company, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several hedge funds and other institutional investors have recently made changes to their positions in EBMT. Rhino Investment Partners Inc lifted its position in shares of Eagle Bancorp Montana by 18.7% in the fourth quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank’s stock valued at $3,125,000 after acquiring an additional 32,074 shares in the last quarter. Renaissance Technologies LLC lifted its position in Eagle Bancorp Montana by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank’s stock worth $1,667,000 after buying an additional 20,812 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Eagle Bancorp Montana during the fourth quarter worth approximately $308,000. Brandes Investment Partners LP lifted its position in Eagle Bancorp Montana by 9.9% during the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock worth $3,378,000 after buying an additional 19,907 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Eagle Bancorp Montana during the fourth quarter worth approximately $270,000. 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.