Insider Selling: Eagle Bancorp Montana (NASDAQ:EBMT) Director Sells $228,300.00 in Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth 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 transaction, the director owned 82,260 shares of the company’s stock, valued at $1,877,995.80. This trade represents a 10.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eagle Bancorp Montana Price Performance

EBMT stock opened at $22.06 on Friday. Eagle Bancorp Montana, Inc. has a 52 week low of $15.10 and a 52 week high of $23.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $21.53 and a two-hundred day simple moving average of $20.20. The firm has a market capitalization of $175.82 million, a P/E ratio of 11.14 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data 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 net margin of 12.16% and a return on equity of 8.29%. The business had revenue of $23.58 million during the quarter, compared to analyst estimates of $23.05 million. Analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.08 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $0.145 per share. The ex-dividend date is Friday, May 15th. This represents a $0.58 annualized dividend and a yield of 2.6%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 29.29%.

Institutional Investors Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Eagle Bancorp Montana in the third quarter valued at $25,000. Raymond James Financial Inc. purchased a new stake in shares of Eagle Bancorp Montana in the second quarter valued at $28,000. BNP Paribas Financial Markets raised its stake 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 valued at $30,000 after acquiring an additional 664 shares during the period. Jones Financial Companies Lllp raised its stake 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 valued at $38,000 after acquiring an additional 1,766 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Eagle Bancorp Montana in the second quarter valued at $46,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Eagle Bancorp Montana in a research report on Friday, April 10th. Zacks Research lowered shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. DA Davidson increased 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 report on Wednesday, April 29th. Finally, Hovde Group increased their target price 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.50.

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.