Eagle Bancorp Montana (NASDAQ:EBMT) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Eagle Bancorp Montana (NASDAQ:EBMT) posted its earnings results on Tuesday. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.15, Zacks reports. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%.

Eagle Bancorp Montana Price Performance

NASDAQ:EBMT traded up $0.20 during mid-day trading on Tuesday, reaching $15.25. 541 shares of the company were exchanged, compared to its average volume of 19,657. Eagle Bancorp Montana has a 12 month low of $12.32 and a 12 month high of $17.62. The stock has a market cap of $122.31 million, a PE ratio of 14.12 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average of $15.94 and a 200 day moving average of $15.53.

Insider Transactions at Eagle Bancorp Montana

In other news, 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 value of $84,850.00. Following the transaction, the director now owns 57,838 shares of the company’s stock, valued at approximately $981,510.86. This trade represents a 7.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth M. Walsh sold 6,705 shares of Eagle Bancorp Montana stock in a transaction that occurred on Friday, November 1st. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 12,795 shares of company stock worth $213,610. Corporate insiders own 6.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.