Allied Investment Advisors LLC Invests $530,000 in Eagle Bancorp Montana, Inc. $EBMT

Allied Investment Advisors LLC bought a new position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,769 shares of the bank’s stock, valued at approximately $530,000. Allied Investment Advisors LLC owned 0.40% of Eagle Bancorp Montana as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Eagle Bancorp Montana by 127.4% during the first quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank’s stock valued at $524,000 after purchasing an additional 17,509 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Eagle Bancorp Montana by 90.3% during the second quarter. Ritholtz Wealth Management now owns 68,055 shares of the bank’s stock worth $1,134,000 after buying an additional 32,286 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Eagle Bancorp Montana by 56.0% during the second quarter. Farther Finance Advisors LLC now owns 6,241 shares of the bank’s stock worth $104,000 after buying an additional 2,241 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Eagle Bancorp Montana by 14.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,952 shares of the bank’s stock worth $385,000 after buying an additional 2,850 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Eagle Bancorp Montana by 40.6% during the first quarter. Acadian Asset Management LLC now owns 38,802 shares of the bank’s stock worth $648,000 after buying an additional 11,201 shares during the period. 35.66% of the stock is currently owned by institutional investors.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $15.84, for a total transaction of $158,400.00. Following the completion of the transaction, the director owned 106,033 shares of the company’s stock, valued at $1,679,562.72. This represents a 8.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Corey Jensen sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total value of $42,125.00. Following the transaction, the director directly owned 6,588 shares of the company’s stock, valued at $111,007.80. The trade was a 27.51% decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on EBMT. Wall Street Zen cut shares of Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Bancorp Montana in a report on Friday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Eagle Bancorp Montana currently has a consensus rating of “Hold”.

Eagle Bancorp Montana Stock Up 0.8%

EBMT opened at $16.89 on Friday. Eagle Bancorp Montana, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $18.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day moving average of $17.18 and a two-hundred day moving average of $16.92. The stock has a market capitalization of $134.28 million, a price-to-earnings ratio of 10.56 and a beta of 0.34.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, July 29th. The bank reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $23.51 million during the quarter, compared to analysts’ expectations of $17.34 million. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.10%. On average, research analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current 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.