Key Points
- Kenneth Walsh sold 10,000 shares of Eagle Bancorp Montana on Feb. 3 at an average price of $22.47 for $224,700, cutting his stake by 9.78% to 92,260 shares (SEC filing disclosed).
- The bank beat quarterly expectations, reporting $0.60 EPS versus $0.47 expected and $24.29M in revenue (consensus estimates were $18.89M), and analysts have a consensus "Buy" rating with an average target of $23.00.
- Eagle Bancorp Montana declared a quarterly dividend of $0.145 per share (annualized $0.58), implying a 2.5% yield, with an ex-dividend date of Feb. 13 and payment on Mar. 6.
Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) Director Kenneth Walsh sold 10,000 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $22.47, for a total value of $224,700.00. Following the completion of the sale, the director owned 92,260 shares in the company, valued at $2,073,082.20. This trade represents a 9.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Eagle Bancorp Montana Price Performance
EBMT stock opened at $23.53 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.89 and a quick ratio of 0.88. Eagle Bancorp Montana, Inc. has a one year low of $14.87 and a one year high of $23.74. The stock has a market cap of $187.02 million, a PE ratio of 12.52 and a beta of 0.31. The firm has a 50 day simple moving average of $19.86 and a two-hundred day simple moving average of $17.87.
Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. Eagle Bancorp Montana had a return on equity of 8.17% and a net margin of 11.67%.The firm had revenue of $24.29 million for the quarter, compared to analyst estimates of $18.89 million. On average, analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.
Eagle Bancorp Montana Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 13th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.58 annualized dividend and a yield of 2.5%. Eagle Bancorp Montana's dividend payout ratio is presently 30.85%.
Institutional Investors Weigh In On Eagle Bancorp Montana
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Eagle Bancorp Montana during the 2nd quarter valued at about $751,000. Ritholtz Wealth Management raised its holdings in Eagle Bancorp Montana by 90.3% in the second quarter. Ritholtz Wealth Management now owns 68,055 shares of the bank's stock worth $1,134,000 after buying an additional 32,286 shares during the last quarter. Allied Investment Advisors LLC bought a new stake in shares of Eagle Bancorp Montana during the second quarter valued at approximately $530,000. Hillsdale Investment Management Inc. lifted its position in Eagle Bancorp Montana by 549.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank's stock valued at $1,982,000 after acquiring an additional 100,600 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Eagle Bancorp Montana by 79.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,108 shares of the bank's stock worth $685,000 after purchasing an additional 18,156 shares during the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on EBMT shares. Zacks Research upgraded Eagle Bancorp Montana from a "hold" rating to a "strong-buy" rating in a report on Monday. DA Davidson boosted their target price on Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Eagle Bancorp Montana in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $23.00.
View Our Latest Stock Analysis on EBMT
About Eagle Bancorp Montana
(
Get Free Report)
Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.
Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.
Further Reading
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