Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.30 and traded as high as $16.84. Eagle Bancorp Montana shares last traded at $16.77, with a volume of 55,982 shares trading hands.

Analyst Upgrades and Downgrades

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

Eagle Bancorp Montana Trading Down 3.2 %

The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. The business has a fifty day simple moving average of $16.64 and a 200 day simple moving average of $16.30. The stock has a market capitalization of $130.18 million, a price-to-earnings ratio of 13.16 and a beta of 0.48.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results 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 net margin of 8.02% and a return on equity of 5.68%. As a group, research analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were given a $0.1425 dividend. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 3.49%. The ex-dividend date was Friday, February 14th. Eagle Bancorp Montana’s dividend payout ratio is 45.97%.

Insider Activity

In other news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 126,033 shares in the company, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several large investors have recently added to or reduced their stakes in the business. Rhino Investment Partners Inc grew its position in Eagle Bancorp Montana by 18.7% in the 4th quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank’s stock worth $3,125,000 after purchasing an additional 32,074 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Eagle Bancorp Montana by 23.7% during the 4th quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank’s stock worth $1,667,000 after purchasing an additional 20,812 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Eagle Bancorp Montana in the fourth quarter valued at approximately $308,000. Brandes Investment Partners LP boosted its stake in Eagle Bancorp Montana by 9.9% during the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock valued at $3,378,000 after buying an additional 19,907 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Eagle Bancorp Montana during the fourth quarter worth about $270,000. 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.