Eagle Bancorp Montana (NASDAQ:EBMT) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Eagle Bancorp Montana Trading Up 3.0 %

Shares of NASDAQ:EBMT opened at $17.06 on Wednesday. The business’s 50 day simple moving average is $16.31 and its 200 day simple moving average is $14.61. Eagle Bancorp Montana has a 1 year low of $11.83 and a 1 year high of $17.65. 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 company has a market capitalization of $136.82 million, a P/E ratio of 15.80 and a beta of 0.52.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%. The firm had revenue of $31.74 million during the quarter, compared to the consensus estimate of $20.60 million. On average, research analysts anticipate that Eagle Bancorp Montana will post 1.1 EPS for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.142 dividend. This represents a $0.57 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is currently 52.78%.

Insider Transactions at Eagle Bancorp Montana

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

Institutional Trading of Eagle Bancorp Montana

Several large investors have recently bought and sold shares of EBMT. State Street Corp raised its stake in Eagle Bancorp Montana by 5.9% during the third quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after acquiring an additional 1,000 shares in the last quarter. Empowered Funds LLC increased its position in Eagle Bancorp Montana by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after purchasing an additional 1,072 shares in the last quarter. Vanguard Group Inc. lifted its stake in Eagle Bancorp Montana by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after purchasing an additional 1,075 shares during the last quarter. Barclays PLC boosted its position in Eagle Bancorp Montana by 25.8% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Eagle Bancorp Montana by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after buying an additional 2,937 shares during the last quarter. 35.66% of the stock is owned by institutional investors and hedge funds.

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.