Dimensional Fund Advisors LP Buys 2,937 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Dimensional Fund Advisors LP lifted its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,172 shares of the bank’s stock after acquiring an additional 2,937 shares during the period. Dimensional Fund Advisors LP owned 1.16% of Eagle Bancorp Montana worth $1,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EBMT. John G Ullman & Associates Inc. raised its stake in shares of Eagle Bancorp Montana by 105.1% in the 1st quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock valued at $669,000 after acquiring an additional 26,690 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Eagle Bancorp Montana by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 1,075 shares in the last quarter. 35.66% of the stock is owned by institutional investors.

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ EBMT opened at $16.34 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The business’s 50 day moving average is $14.91 and its two-hundred day moving average is $13.78. The company has a market cap of $131.00 million, a P/E ratio of 14.59 and a beta of 0.53. Eagle Bancorp Montana, Inc. has a 12 month low of $11.26 and a 12 month high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). The business had revenue of $30.09 million during the quarter, compared to the consensus estimate of $20.50 million. Eagle Bancorp Montana had a return on equity of 5.07% and a net margin of 7.06%. On average, equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.07 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.142 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a boost 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 3.48%. Eagle Bancorp Montana’s payout ratio is currently 50.89%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EBMT. Hovde Group began coverage on Eagle Bancorp Montana in a research report on Friday, July 5th. They issued a “market perform” rating and a $13.50 price target on the stock. StockNews.com began coverage on Eagle Bancorp Montana in a research report on Sunday, September 15th. They issued a “hold” rating on the stock.

Insider Activity

In other news, Director Peter Joseph Johnson sold 7,374 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the sale, the director now directly owns 61,139 shares in the company, valued at approximately $873,064.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 9,079 shares of company stock worth $129,171. Company insiders own 6.70% 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.