Eagle Bancorp Montana (NASDAQ:EBMT) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a buy rating to a hold rating in a research note published on Wednesday.

Eagle Bancorp Montana Stock Up 3.0 %

Shares of NASDAQ EBMT opened at $17.06 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market capitalization of $136.82 million, a PE ratio of 15.80 and a beta of 0.52. Eagle Bancorp Montana has a one year low of $11.83 and a one year high of $17.65. The business’s fifty day moving average price is $16.31 and its 200-day moving average price is $14.60.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its 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 analyst estimates of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. On average, equities research analysts anticipate that Eagle Bancorp Montana will post 1.1 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.142 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 52.78%.

Insider Activity at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 6,705 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $16.44, for a total transaction of $110,230.20. Following the sale, the director now owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. This represents a 4.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its stake 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 buying an additional 2,165 shares during the period. State Street Corp raised 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 valued at $282,000 after acquiring an additional 1,000 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Eagle Bancorp Montana by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after acquiring an additional 1,072 shares during the last quarter. John G Ullman & Associates Inc. grew its holdings in shares of Eagle Bancorp Montana by 13.4% during the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after purchasing an additional 7,382 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Eagle Bancorp Montana by 17.5% in the third quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after purchasing an additional 11,490 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company 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.