Key Points
- Director Samuel Waters sold 2,100 shares on Feb. 20 at an average price of $22.48 for $47,208, leaving him with 31,534 shares (a 6.24% reduction in his stake).
- Strong quarterly results: the company reported $0.60 EPS (vs. $0.47 consensus) and $24.29M in revenue (vs. $18.89M est.), and analysts' average target is $23.00 with expected 2026 EPS of 1.61.
- Dividend announced: a quarterly payout of $0.145 per share (annualized $0.58) will be paid Mar. 6, implying a ~2.6% yield and a payout ratio of 30.85%.
Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) Director Samuel Waters sold 2,100 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $22.48, for a total value of $47,208.00. Following the completion of the sale, the director directly owned 31,534 shares of the company's stock, valued at $708,884.32. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Eagle Bancorp Montana Trading Down 2.2%
Shares of EBMT stock opened at $22.02 on Tuesday. Eagle Bancorp Montana, Inc. has a twelve month low of $15.10 and a twelve month high of $23.75. The stock has a market cap of $175.06 million, a price-to-earnings ratio of 11.71 and a beta of 0.31. The company's 50-day moving average price is $21.03 and its 200-day moving average price is $18.43. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.
Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its earnings results on Tuesday, January 27th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.13. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. The company had revenue of $24.29 million for the quarter, compared to analyst estimates of $18.89 million. As a group, equities analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.
Eagle Bancorp Montana Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 13th will be paid 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 2.6%. Eagle Bancorp Montana's dividend payout ratio (DPR) is 30.85%.
Institutional Investors Weigh In On Eagle Bancorp Montana
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in shares of Eagle Bancorp Montana by 18.6% during the fourth quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock worth $79,000 after buying an additional 803 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock valued at $38,000 after acquiring an additional 1,766 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Eagle Bancorp Montana by 127.4% in the first quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank's stock worth $524,000 after acquiring an additional 17,509 shares during the last quarter. Empowered Funds LLC increased its position in shares of Eagle Bancorp Montana by 7.3% in the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock valued at $421,000 after purchasing an additional 1,706 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Eagle Bancorp Montana by 193.4% in the 1st quarter. Jane Street Group LLC now owns 35,946 shares of the bank's stock valued at $602,000 after purchasing an additional 23,694 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on EBMT shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Eagle Bancorp Montana in a research report on Monday, December 29th. DA Davidson increased their price objective on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Finally, Zacks Research raised Eagle Bancorp Montana from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Eagle Bancorp Montana has an average rating of "Buy" and an average target price of $23.00.
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Eagle Bancorp Montana Company Profile
(
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.
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