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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.90 and traded as high as $17.98. Eagle Bancorp Montana shares last traded at $17.88, with a volume of 24,647 shares changing hands.

Analyst Upgrades and Downgrades

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

Eagle Bancorp Montana Trading Up 0.3 %

The stock has a market cap of $143.34 million, a P/E ratio of 14.42 and a beta of 0.53. 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 company has a 50-day moving average price of $15.70 and a two-hundred day moving average price of $15.90.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate 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 expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, February 14th. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is 45.97%.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total transaction of $151,100.00. Following the transaction, the director now owns 126,033 shares of the company’s stock, valued at approximately $1,904,358.63. This represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position 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 worth $79,000 after buying an additional 803 shares in the last quarter. Empowered Funds LLC grew its position in shares of Eagle Bancorp Montana by 4.3% during the 4th quarter. Empowered Funds LLC now owns 23,408 shares of the bank’s stock worth $359,000 after buying an additional 960 shares in the last quarter. State Street Corp grew its position in shares of Eagle Bancorp Montana by 5.9% during 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. Atria Investments Inc grew its position in shares of Eagle Bancorp Montana by 10.0% during the 4th quarter. Atria Investments Inc now owns 11,097 shares of the bank’s stock worth $170,000 after buying an additional 1,006 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Eagle Bancorp Montana by 3.9% during the 4th 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 in 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.