Morgan Dempsey Capital Management LLC Sells 1,428 Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT)

Morgan Dempsey Capital Management LLC trimmed its position in Eagle Bancorp Montana Inc (NASDAQ:EBMT) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,240 shares of the bank’s stock after selling 1,428 shares during the quarter. Morgan Dempsey Capital Management LLC owned about 0.41% of Eagle Bancorp Montana worth $445,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thomson Horstmann & Bryant Inc. boosted its holdings in shares of Eagle Bancorp Montana by 4.2% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 144,429 shares of the bank’s stock valued at $2,383,000 after purchasing an additional 5,860 shares during the period. Context BH Capital Management LP boosted its holdings in shares of Eagle Bancorp Montana by 63.9% in the fourth quarter. Context BH Capital Management LP now owns 62,789 shares of the bank’s stock valued at $1,036,000 after purchasing an additional 24,480 shares during the period. Penn Capital Management Co. Inc. boosted its holdings in shares of Eagle Bancorp Montana by 3.3% in the first quarter. Penn Capital Management Co. Inc. now owns 57,244 shares of the bank’s stock valued at $970,000 after purchasing an additional 1,802 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Bancorp Montana by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 49,689 shares of the bank’s stock valued at $803,000 after purchasing an additional 600 shares during the period. Finally, Naples Global Advisors LLC boosted its holdings in shares of Eagle Bancorp Montana by 13.1% in the fourth quarter. Naples Global Advisors LLC now owns 27,475 shares of the bank’s stock valued at $464,000 after purchasing an additional 3,175 shares during the period. 35.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ EBMT traded up $0.15 during mid-day trading on Friday, hitting $16.30. The stock had a trading volume of 1,333 shares, compared to its average volume of 10,499. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.99 and a quick ratio of 0.98. Eagle Bancorp Montana Inc has a twelve month low of $14.20 and a twelve month high of $19.65. The company has a market cap of $103.42 million, a price-to-earnings ratio of 15.23, a PEG ratio of 0.99 and a beta of 0.47.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Eagle Bancorp Montana had a net margin of 10.63% and a return on equity of 7.36%. The company had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.60 million. Research analysts expect that Eagle Bancorp Montana Inc will post 1.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.0925 dividend. This represents a $0.37 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, May 16th. Eagle Bancorp Montana’s payout ratio is 34.58%.

A number of analysts recently issued reports on EBMT shares. Zacks Investment Research lowered Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. ValuEngine downgraded Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Finally, Stephens downgraded Eagle Bancorp Montana from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th.

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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 in Montana. The company accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

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Institutional Ownership by Quarter for Eagle Bancorp Montana (NASDAQ:EBMT)

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