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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.30 and traded as high as $16.84. Eagle Bancorp Montana shares last traded at $16.77, with a volume of 55,982 shares changing hands.

Wall Street Analysts Forecast Growth

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

Eagle Bancorp Montana Stock Performance

The firm’s 50 day simple moving average is $16.58 and its 200 day simple moving average is $16.30. The firm has a market cap of $133.77 million, a PE ratio of 13.52 and a beta of 0.48. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. On average, research analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a dividend of $0.1425 per share. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, February 14th. Eagle Bancorp Montana’s dividend payout ratio is currently 45.97%.

Insider Activity at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the company’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 sale, the director now owns 126,033 shares of the company’s stock, valued at $1,904,358.63. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Eagle Bancorp Montana by 25.8% in the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after acquiring an additional 2,165 shares during the last quarter. Brandes Investment Partners LP raised its position in Eagle Bancorp Montana by 9.9% during the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock valued at $3,378,000 after purchasing an additional 19,907 shares during the period. Empowered Funds LLC raised its position in Eagle Bancorp Montana by 4.3% during the fourth quarter. Empowered Funds LLC now owns 23,408 shares of the bank’s stock valued at $359,000 after purchasing an additional 960 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Eagle Bancorp Montana in the 4th quarter valued at approximately $308,000. Finally, State Street Corp boosted its holdings in shares of Eagle Bancorp Montana by 5.9% in the 3rd quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after purchasing an additional 1,000 shares during the period. 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.