Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Crosses Above 200 Day Moving Average of $17.38

Eagle Bancorp Montana Inc (NASDAQ:EBMT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.38 and traded as high as $21.55. Eagle Bancorp Montana shares last traded at $21.45, with a volume of 5,688 shares changing hands.

A number of brokerages have weighed in on EBMT. ValuEngine downgraded shares of Eagle Bancorp Montana from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 24th. Zacks Investment Research raised shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, October 24th.

The company has a market cap of $137.32 million, a PE ratio of 19.92 and a beta of 0.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.99. The firm’s 50 day moving average is $19.38 and its 200-day moving average is $17.38.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.14. Eagle Bancorp Montana had a net margin of 15.29% and a return on equity of 10.82%. The business had revenue of $18.12 million during the quarter, compared to analysts’ expectations of $15.10 million. On average, analysts predict that Eagle Bancorp Montana Inc will post 1.83 EPS for the current year.

The company also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.095 dividend. The ex-dividend date is Thursday, November 14th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 35.51%.

In other news, Director Kenneth M. Walsh sold 5,000 shares of Eagle Bancorp Montana stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $18.80, for a total transaction of $94,000.00. Following the completion of the sale, the director now directly owns 255,798 shares in the company, valued at $4,809,002.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracy A. Zepeda sold 5,656 shares of Eagle Bancorp Montana stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $18.32, for a total transaction of $103,617.92. Following the sale, the senior vice president now owns 1,650 shares of the company’s stock, valued at $30,228. The disclosure for this sale can be found here. In the last three months, insiders sold 15,656 shares of company stock valued at $289,618. Corporate insiders own 8.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Eagle Bancorp Montana by 20,554.2% in the second quarter. Royal Bank of Canada now owns 12,186 shares of the bank’s stock valued at $202,000 after purchasing an additional 12,127 shares during the period. EJF Capital LLC grew its stake in Eagle Bancorp Montana by 21.4% during the second quarter. EJF Capital LLC now owns 425,222 shares of the bank’s stock worth $7,059,000 after buying an additional 75,000 shares during the period. Jacobs Asset Management LLC grew its stake in Eagle Bancorp Montana by 7.2% during the second quarter. Jacobs Asset Management LLC now owns 236,424 shares of the bank’s stock worth $3,925,000 after buying an additional 15,778 shares during the period. Wells Fargo & Company MN grew its stake in Eagle Bancorp Montana by 261.4% during the second quarter. Wells Fargo & Company MN now owns 3,303 shares of the bank’s stock worth $55,000 after buying an additional 2,389 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Eagle Bancorp Montana by 7.1% during the second quarter. Renaissance Technologies LLC now owns 48,560 shares of the bank’s stock worth $806,000 after buying an additional 3,237 shares during the period. Institutional investors and hedge funds own 35.67% of the company’s stock.

About Eagle Bancorp Montana (NASDAQ:EBMT)

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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