Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

by · The Cerbat Gem

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.31 and traded as high as $24.00. Eagle Bancorp Montana shares last traded at $23.69, with a volume of 31,267 shares trading hands.

Analysts Set New Price Targets

EBMT has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. Finally, Hovde Group upped their price objective on 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. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Read Our Latest Report on EBMT

Eagle Bancorp Montana Stock Down 0.5%

The company has a market capitalization of $189.73 million, a price-to-earnings ratio of 11.68 and a beta of 0.35. The stock’s fifty day simple moving average is $23.33 and its two-hundred day simple moving average is $22.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.86.

Eagle Bancorp Montana (NASDAQ:EBMT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Eagle Bancorp Montana had a net margin of 12.57% and a return on equity of 8.43%. The business had revenue of $24.16 million during the quarter, compared to analyst estimates of $23.55 million. On average, sell-side analysts predict that Eagle Bancorp Montana, Inc. will post 2.03 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.1475 per share. This represents a $0.59 annualized dividend and a dividend yield of 2.5%. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, August 14th. Eagle Bancorp Montana’s dividend payout ratio is currently 28.92%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBMT. Brandes Investment Partners LP grew its position in Eagle Bancorp Montana by 6.0% in the 4th quarter. Brandes Investment Partners LP now owns 413,888 shares of the bank’s stock worth $8,236,000 after purchasing an additional 23,519 shares during the last quarter. Allied Investment Advisors LLC bought a new position in Eagle Bancorp Montana in the 4th quarter worth approximately $632,000. CWM LLC increased its position in Eagle Bancorp Montana by 3.8% in the 4th quarter. CWM LLC now owns 42,964 shares of the bank’s stock valued at $855,000 after acquiring an additional 1,566 shares during the period. JPMorgan Chase & Co. raised its stake in Eagle Bancorp Montana by 87.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,583 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,063 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in Eagle Bancorp Montana by 7.2% during the 4th quarter. Ritholtz Wealth Management now owns 58,188 shares of the bank’s stock worth $1,158,000 after acquiring an additional 3,917 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.

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.

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