Short Interest in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Increases By 11.6%

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 18,300 shares, a growth of 11.6% from the December 15th total of 16,400 shares. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Insider Activity at Eagle Bancorp Montana

In related news, 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 completion of the transaction, the director now directly owns 141,033 shares in the company, valued at approximately $2,318,582.52. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Joseph Johnson sold 5,000 shares of Eagle Bancorp Montana stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total transaction of $84,850.00. Following the sale, the director now owns 57,838 shares in the company, valued at $981,510.86. This represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,795 shares of company stock worth $213,610 in the last ninety days. 6.70% of the stock is currently owned by insiders.

Institutional Trading of Eagle Bancorp Montana

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Eagle Bancorp Montana by 25.8% in the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after buying an additional 2,165 shares in the last quarter. State Street Corp grew its holdings in Eagle Bancorp Montana by 5.9% during the 3rd quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after acquiring an additional 1,000 shares during the last quarter. Empowered Funds LLC increased its position in Eagle Bancorp Montana by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after acquiring an additional 1,072 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Eagle Bancorp Montana by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock worth $701,000 after acquiring an additional 1,699 shares during the last quarter. Finally, John G Ullman & Associates Inc. raised its stake in shares of Eagle Bancorp Montana by 13.4% in the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after acquiring an additional 7,382 shares during the last quarter. 35.66% of the stock is owned by institutional investors.

Eagle Bancorp Montana Price Performance

EBMT stock traded up $0.17 during trading on Friday, hitting $15.25. The company had a trading volume of 9,833 shares, compared to its average volume of 20,397. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average price of $16.15 and a two-hundred day moving average price of $15.42. Eagle Bancorp Montana has a fifty-two week low of $12.32 and a fifty-two week high of $17.62. The company has a market cap of $122.31 million, a P/E ratio of 14.12 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, October 29th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $31.74 million for the quarter, compared to the consensus estimate of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. Equities research analysts expect that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

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.