Hsbc Holdings PLC Purchases Shares of 46,646 Eagle Bancorp Montana, Inc. $EBMT

Hsbc Holdings PLC purchased a new stake in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) in the 2nd quarter, Holdings Channel reports. The fund purchased 46,646 shares of the bank’s stock, valued at approximately $1,097,000.

Several other institutional investors have also recently made changes to their positions in EBMT. BlackRock Inc. bought a new stake in Eagle Bancorp Montana during the second quarter valued at approximately $15,611,000. The Manufacturers Life Insurance Company bought a new position in Eagle Bancorp Montana in the second quarter worth approximately $9,468,000. Fourthstone LLC raised its position in Eagle Bancorp Montana by 272.3% in the fourth quarter. Fourthstone LLC now owns 342,748 shares of the bank’s stock worth $6,821,000 after acquiring an additional 250,681 shares during the period. Geode Capital Management LLC boosted its stake in shares of Eagle Bancorp Montana by 108.0% during the 2nd quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock worth $2,891,000 after acquiring an additional 90,024 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Eagle Bancorp Montana during the 2nd quarter valued at $1,665,000. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Price Performance

Shares of NASDAQ:EBMT opened at $22.35 on Tuesday. The company has a market capitalization of $178.13 million, a P/E ratio of 10.96 and a beta of 0.35. Eagle Bancorp Montana, Inc. has a 1-year low of $15.80 and a 1-year high of $24.66. The firm’s 50 day simple moving average is $23.40 and its two-hundred day simple moving average is $22.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.87 and a quick ratio of 0.86.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $24.16 million during the quarter, compared to analysts’ expectations of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%. Research analysts expect that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be issued a $0.1475 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.59 annualized dividend and a yield of 2.6%. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s payout ratio is currently 28.92%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.