Eagle Bancorp Montana (NASDAQ:EBMT) Stock Passes Above 200-Day Moving Average – What’s Next?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.10 and traded as high as $17.11. Eagle Bancorp Montana shares last traded at $16.91, with a volume of 32,478 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

Eagle Bancorp Montana Price Performance

The stock’s 50 day simple moving average is $16.00 and its 200-day simple moving average is $16.10. The firm has a market cap of $135.57 million, a price-to-earnings ratio of 13.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. Equities research analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.37%. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, February 14th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 45.97%.

Insider Buying and Selling

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total transaction of $151,100.00. Following the completion of the transaction, the director now owns 126,033 shares of the company’s stock, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Eagle Bancorp Montana

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Eagle Bancorp Montana by 18.6% during the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock valued at $79,000 after buying an additional 803 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Eagle Bancorp Montana during the fourth quarter worth about $166,000. Barclays PLC raised its position in Eagle Bancorp Montana by 25.8% during the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after acquiring an additional 2,165 shares in the last quarter. Atria Investments Inc lifted its holdings in Eagle Bancorp Montana by 10.0% in the fourth quarter. Atria Investments Inc now owns 11,097 shares of the bank’s stock valued at $170,000 after acquiring an additional 1,006 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Eagle Bancorp Montana in the 4th quarter worth approximately $188,000. 35.66% of the stock is 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.