Eagle Bancorp Montana (NASDAQ:EBMT) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the bank’s stock.

Separately, Hovde Group assumed coverage on Eagle Bancorp Montana in a research note on Friday, July 5th. They set a market perform rating and a $13.50 price objective for the company.

Eagle Bancorp Montana Stock Down 0.3 %

Shares of EBMT stock opened at $15.05 on Friday. The stock has a market cap of $120.66 million, a P/E ratio of 13.44 and a beta of 0.53. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65. The stock has a fifty day moving average price of $14.02 and a 200 day moving average price of $13.31. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.93.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06). Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. The company had revenue of $30.09 million for the quarter, compared to analyst estimates of $20.50 million. Analysts predict that Eagle Bancorp Montana will post 1.06 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $0.142 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.77%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 50.89%.

Insider Activity

In other news, Director Peter Joseph Johnson sold 7,374 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the completion of the sale, the director now directly owns 61,139 shares in the company, valued at $873,064.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 9,079 shares of company stock worth $129,171. 6.70% of the stock is owned by corporate insiders.

Institutional Trading of Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBMT. Brandes Investment Partners LP boosted its holdings in Eagle Bancorp Montana by 14.3% during the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after buying an additional 21,441 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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. Vanguard Group Inc. boosted its holdings in Eagle Bancorp Montana by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after buying an additional 1,075 shares during the last quarter. Empowered Funds LLC boosted its holdings in Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after buying an additional 1,400 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its holdings in Eagle Bancorp Montana by 105.1% during the first quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock worth $669,000 after buying an additional 26,690 shares during the last quarter. 35.66% of the stock is currently 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.