Eagle Bancorp Montana (NASDAQ:EBMT) Shares Pass Above 200 Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemEagle Bancorp Montana, Inc. (NASDAQ:EBMT – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.95 and traded as high as $23.74. Eagle Bancorp Montana shares last traded at $23.29, with a volume of 71,658 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on EBMT shares. Hovde Group upped their price objective on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, April 30th. DA Davidson upped their price objective on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Zacks Research cut shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings upgraded Eagle Bancorp Montana from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.50.
View Our Latest Stock Report on Eagle Bancorp Montana
Eagle Bancorp Montana Price Performance
The company has a market capitalization of $185.62 million, a PE ratio of 11.76 and a beta of 0.35. The firm has a fifty day moving average of $22.04 and a two-hundred day moving average of $20.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37.
Eagle Bancorp Montana (NASDAQ:EBMT – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The business had revenue of $23.58 million during the quarter, compared to analysts’ expectations of $23.05 million. Eagle Bancorp Montana had a net margin of 12.16% and a return on equity of 8.29%. Research analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current fiscal year.
Eagle Bancorp Montana Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.58 annualized dividend and a yield of 2.5%. Eagle Bancorp Montana’s dividend payout ratio is presently 29.29%.
Insiders Place Their Bets
In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $22.83, for a total transaction of $228,300.00. Following the completion of the sale, the director owned 82,260 shares of the company’s stock, valued at $1,877,995.80. This represents a 10.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Eagle Bancorp Montana by 18.6% in the 4th 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 during the period. Jones Financial Companies Lllp lifted its holdings in Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after buying an additional 1,766 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Eagle Bancorp Montana by 127.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank’s stock worth $524,000 after buying an additional 17,509 shares during the period. Empowered Funds LLC lifted its holdings in Eagle Bancorp Montana by 7.3% in the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank’s stock worth $421,000 after buying an additional 1,706 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Eagle Bancorp Montana by 193.4% in the 1st quarter. Jane Street Group LLC now owns 35,946 shares of the bank’s stock worth $602,000 after buying an additional 23,694 shares during the period. Institutional investors own 35.66% of the company’s stock.
Eagle Bancorp Montana Company Profile
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.