Eagle Bancorp Montana (NASDAQ:EBMT) Upgraded at StockNews.com

StockNews.com upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Eagle Bancorp Montana Stock Down 0.1 %

Shares of EBMT traded down $0.02 during midday trading on Tuesday, reaching $16.83. 410 shares of the company were exchanged, compared to its average volume of 11,067. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.61. Eagle Bancorp Montana has a 1-year low of $11.63 and a 1-year high of $17.65. The company has a market cap of $134.98 million, a price-to-earnings ratio of 15.60 and a beta of 0.52. The stock has a 50-day moving average price of $16.12 and a 200-day moving average price of $14.44.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, October 29th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 5.02%. The business had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $20.60 million. Research analysts expect that Eagle Bancorp Montana will post 1.1 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.142 per share. This represents a $0.57 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana’s dividend payout ratio is presently 52.78%.

Insider Activity at Eagle Bancorp Montana

In other news, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares of the company’s stock, valued at approximately $873,064.92. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth M. Walsh sold 6,705 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $16.44, for a total value of $110,230.20. Following the transaction, the director now owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,874 shares of company stock valued at $257,931. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after buying an additional 1,400 shares during the period. John G Ullman & Associates Inc. raised its stake in Eagle Bancorp Montana by 13.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after acquiring an additional 7,382 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Eagle Bancorp Montana by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after acquiring an additional 2,937 shares during the period. Brandes Investment Partners LP grew its stake in shares of Eagle Bancorp Montana by 14.3% in the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after purchasing an additional 21,441 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Eagle Bancorp Montana by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after purchasing an additional 1,075 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

About Eagle Bancorp Montana

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.