Stockman Wealth Management Inc. Sells 5,803 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Stockman Wealth Management Inc. reduced its holdings in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,000 shares of the bank’s stock after selling 5,803 shares during the period. Stockman Wealth Management Inc.’s holdings in Eagle Bancorp Montana were worth $445,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EBMT. Barclays PLC lifted its stake in shares of Eagle Bancorp Montana by 25.8% during the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after buying an additional 2,165 shares in the last quarter. State Street Corp grew its stake 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 buying an additional 1,000 shares in the last quarter. Empowered Funds LLC raised its position in Eagle Bancorp Montana by 5.0% during the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after purchasing an additional 1,072 shares during the period. Janney Montgomery Scott LLC boosted its stake in Eagle Bancorp Montana by 3.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock worth $701,000 after buying an additional 1,699 shares during the period. Finally, John G Ullman & Associates Inc. grew its holdings in Eagle Bancorp Montana by 13.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after purchasing an additional 7,382 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

Insiders Place Their Bets

In other news, Director Peter Joseph Johnson sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the sale, the director now directly owns 57,838 shares in the company, valued at $981,510.86. This represents a 7.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total value of $151,100.00. Following the transaction, the director now owns 126,033 shares in the company, valued at approximately $1,904,358.63. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,090 shares of company stock worth $254,480. Corporate insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

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

Eagle Bancorp Montana Price Performance

EBMT opened at $15.13 on Friday. The company has a market capitalization of $121.34 million, a price-to-earnings ratio of 12.20 and a beta of 0.53. Eagle Bancorp Montana, Inc. has a 12-month low of $12.32 and a 12-month high of $17.62. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. The business’s fifty day simple moving average is $15.60 and its 200-day simple moving average is $15.59.

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

Eagle Bancorp Montana Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 45.97%.

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.