Eagle Bancorp Montana (NASDAQ:EBMT) Shares Cross Above 200-Day Moving Average – Here’s Why

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.21 and traded as high as $15.40. Eagle Bancorp Montana shares last traded at $15.26, with a volume of 25,769 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Eagle Bancorp Montana Stock Performance

The company has a market cap of $122.34 million, a PE ratio of 14.13 and a beta of 0.51. The stock has a 50 day simple moving average of $16.65 and a two-hundred day simple moving average of $15.21. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results 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 firm had revenue of $31.74 million during the quarter, compared to analysts’ expectations of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. Equities analysts predict that Eagle Bancorp Montana, Inc. will post 1.1 EPS for the current year.

Eagle Bancorp Montana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.142 per share. This represents a $0.57 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is presently 52.78%.

Insiders Place Their Bets

In other news, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were 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. The trade was a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Joseph Johnson sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.97, for a total transaction of $84,850.00. Following the completion of the sale, the director now owns 57,838 shares of the company’s stock, valued at approximately $981,510.86. The trade was a 7.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,795 shares of company stock valued at $213,610. 6.70% of the stock is owned by company insiders.

Institutional Trading of Eagle Bancorp Montana

Institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP boosted 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Eagle Bancorp Montana by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after acquiring an additional 11,490 shares in the last quarter. John G Ullman & Associates Inc. grew its holdings in shares of Eagle Bancorp Montana by 13.4% in the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after acquiring an additional 7,382 shares during the period. Fourthstone LLC raised its holdings in Eagle Bancorp Montana by 1.1% during the third quarter. Fourthstone LLC now owns 520,663 shares of the bank’s stock worth $8,221,000 after purchasing an additional 5,898 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 2,937 shares in the last quarter. 35.66% of the stock is currently owned by hedge funds and other 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.