Allied Investment Advisors LLC Sells 5,000 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Allied Investment Advisors LLC decreased its holdings in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 11.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,769 shares of the bank’s stock after selling 5,000 shares during the quarter. Allied Investment Advisors LLC owned 0.47% of Eagle Bancorp Montana worth $596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBMT. Vanguard Group Inc. grew its position in Eagle Bancorp Montana by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after acquiring an additional 1,075 shares during the last quarter. Empowered Funds LLC increased its stake in Eagle Bancorp Montana by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp Montana by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after buying an additional 2,937 shares in the last quarter. Brandes Investment Partners LP boosted its position in Eagle Bancorp Montana by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock valued at $2,254,000 after buying an additional 21,441 shares during the period. Finally, John G Ullman & Associates Inc. grew its stake in Eagle Bancorp Montana by 105.1% in the 1st quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock worth $669,000 after acquiring an additional 26,690 shares in the last quarter. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EBMT. StockNews.com started coverage on shares of Eagle Bancorp Montana in a research note on Sunday, September 15th. They set a “hold” rating for the company. Hovde Group began coverage on Eagle Bancorp Montana in a report on Friday, July 5th. They set a “market perform” rating and a $13.50 price objective on the stock.

Insider Activity

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $14.28, for a total value of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares in the company, valued at approximately $873,064.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 9,079 shares of company stock worth $129,171. 6.70% of the stock is currently owned by company insiders.

Eagle Bancorp Montana Stock Up 0.8 %

NASDAQ:EBMT traded up $0.13 during mid-day trading on Friday, reaching $15.77. The company’s stock had a trading volume of 2,595 shares, compared to its average volume of 9,551. 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, Inc. has a 1 year low of $11.26 and a 1 year high of $17.65. The stock has a fifty day moving average of $14.76 and a 200-day moving average of $13.66. The firm has a market capitalization of $126.43 million, a PE ratio of 14.08 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). The business had revenue of $30.09 million during the quarter, compared to analysts’ expectations of $20.50 million. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. Equities research analysts forecast that Eagle Bancorp Montana, Inc. will post 1.06 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $0.142 per share. This represents a $0.57 annualized dividend and a yield of 3.60%. The ex-dividend date was Friday, August 16th. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 50.89%.

Eagle Bancorp Montana 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.