Key Points
- Director Kenneth Walsh sold 10,000 shares of Eagle Bancorp Montana stock at an average price of $22.83, totaling $228,300. After the sale, he still owned 82,260 shares.
- The company recently beat quarterly earnings estimates, reporting EPS of $0.51 versus the expected $0.45 and revenue of $23.58 million, while analysts now have an average Hold rating with a $23.50 target price.
- Eagle Bancorp Montana also declared a quarterly dividend of $0.145 per share, or $0.58 annualized, which implies a 2.6% yield.
Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) Director Kenneth Walsh sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $22.83, for a total value of $228,300.00. Following the transaction, the director directly owned 82,260 shares of the company's stock, valued at approximately $1,877,995.80. This trade represents a 10.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Eagle Bancorp Montana Stock Down 0.0%
EBMT stock opened at $22.43 on Wednesday. The business has a 50 day moving average of $21.52 and a 200 day moving average of $20.13. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. Eagle Bancorp Montana, Inc. has a twelve month low of $15.10 and a twelve month high of $23.94. The firm has a market cap of $178.65 million, a PE ratio of 11.33 and a beta of 0.35.
Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its earnings results on Tuesday, April 28th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%.The business had revenue of $23.58 million for the quarter, compared to the consensus estimate of $23.05 million. On average, research analysts forecast that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current fiscal year.
Eagle Bancorp Montana Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, May 15th. Eagle Bancorp Montana's dividend payout ratio (DPR) is currently 29.29%.
Institutional Investors Weigh In On Eagle Bancorp Montana
Several large investors have recently made changes to their positions in EBMT. Russell Investments Group Ltd. bought a new stake in shares of Eagle Bancorp Montana in the third quarter worth about $25,000. Raymond James Financial Inc. bought a new stake in shares of Eagle Bancorp Montana in the second quarter worth about $28,000. BNP Paribas Financial Markets increased its holdings in shares of Eagle Bancorp Montana by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank's stock worth $30,000 after purchasing an additional 664 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after purchasing an additional 1,766 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Eagle Bancorp Montana in the second quarter worth about $46,000. 35.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on EBMT shares. Weiss Ratings restated a "buy (b)" rating on shares of Eagle Bancorp Montana in a research note on Friday, April 10th. DA Davidson raised their price target on Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, April 29th. Zacks Research cut Eagle Bancorp Montana from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Finally, Hovde Group lifted their target price on Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a "market perform" rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $23.50.
View Our Latest 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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