Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth M. Walsh Sells 10,000 Shares

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.75, for a total value of $177,500.00. Following the completion of the transaction, the director now owns 116,033 shares of the company’s stock, valued at $2,059,585.75. The trade was a 7.93 % 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.

Eagle Bancorp Montana Stock Down 0.9 %

EBMT opened at $17.49 on Friday. Eagle Bancorp Montana, Inc. has a 52 week low of $12.61 and a 52 week high of $18.49. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The firm has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $16.46. The company has a market capitalization of $139.52 million, a PE ratio of 14.10 and a beta of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. The business had revenue of $20.90 million during the quarter, compared to analysts’ expectations of $16.69 million. Analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, May 16th. Eagle Bancorp Montana’s dividend payout ratio is presently 40.43%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

Institutional Investors Weigh In On Eagle Bancorp Montana

Hedge funds have recently bought and sold shares of the business. Ritholtz Wealth Management bought a new stake in shares of Eagle Bancorp Montana in the 1st quarter worth about $599,000. Rhino Investment Partners Inc grew its position in Eagle Bancorp Montana by 18.7% in the fourth quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank’s stock worth $3,125,000 after acquiring an additional 32,074 shares in the last quarter. Renaissance Technologies LLC increased its stake in Eagle Bancorp Montana by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank’s stock worth $1,667,000 after acquiring an additional 20,812 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Eagle Bancorp Montana during the fourth quarter valued at approximately $308,000. Finally, Brandes Investment Partners LP lifted its stake in shares of Eagle Bancorp Montana by 9.9% in the 4th quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock valued at $3,378,000 after purchasing an additional 19,907 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

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.