Eagle Bancorp Montana (NASDAQ:EBMT) Upgraded to Buy at StockNews.com

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

Eagle Bancorp Montana Stock Up 0.1 %

Shares of EBMT opened at $17.04 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. Eagle Bancorp Montana has a 52-week low of $11.26 and a 52-week high of $17.65. The company has a market cap of $136.61 million, a PE ratio of 15.78 and a beta of 0.52. The business has a fifty day moving average of $16.05 and a 200 day moving average of $14.41.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 5.02%. On average, sell-side analysts expect that Eagle Bancorp Montana will post 1.1 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 payout ratio is 52.78%.

Insider Activity

In related news, Director Peter Joseph Johnson sold 7,374 shares of Eagle Bancorp Montana stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the sale, the director now owns 61,139 shares in the company, valued at $873,064.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing 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 firm’s stock in a transaction 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 directly owns 141,033 shares in the company, valued at $2,318,582.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction on 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 sale, the director now owns 61,139 shares of the company’s stock, 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. Over the last ninety days, insiders sold 15,784 shares of company stock valued at $239,401. 6.70% of the stock is currently owned by company insiders.

Institutional Trading of Eagle Bancorp Montana

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of Eagle Bancorp Montana by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after purchasing an additional 1,400 shares in the last quarter. Vanguard Group Inc. raised its stake in Eagle Bancorp Montana by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after buying an additional 1,075 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp Montana by 3.3% during 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 lifted its holdings in Eagle Bancorp Montana by 14.3% during 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. boosted its position in 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 in the last quarter. 35.66% of the stock is currently owned by institutional investors.

About Eagle Bancorp Montana

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.