The Manufacturers Life Insurance Company Sells 892 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

The Manufacturers Life Insurance Company cut its holdings in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,159 shares of the bank’s stock after selling 892 shares during the period. The Manufacturers Life Insurance Company owned approximately 4.48% of Eagle Bancorp Montana worth $5,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in Eagle Bancorp Montana by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank’s stock worth $1,667,000 after purchasing an additional 20,812 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Eagle Bancorp Montana during the 4th quarter worth approximately $308,000. Brandes Investment Partners LP increased its stake in shares of Eagle Bancorp Montana by 9.9% in the 4th quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock valued at $3,378,000 after acquiring an additional 19,907 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Eagle Bancorp Montana during the 4th quarter valued at $270,000. Finally, Hillsdale Investment Management Inc. bought a new position in Eagle Bancorp Montana during the fourth quarter worth $227,000. 35.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

Eagle Bancorp Montana Trading Down 1.2 %

NASDAQ EBMT opened at $17.77 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana, Inc. has a 52 week low of $12.61 and a 52 week high of $18.49. The business has a 50 day moving average price of $16.87 and a 200-day moving average price of $16.45. The company has a market cap of $141.72 million, a price-to-earnings ratio of 14.33 and a beta of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. The business had revenue of $20.90 million during the quarter, compared to analyst estimates of $16.69 million. As a group, equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.1425 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.57 annualized dividend and a yield of 3.21%. Eagle Bancorp Montana’s payout ratio is 40.43%.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.