Hillsdale Investment Management Inc. Purchases New Shares in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Hillsdale Investment Management Inc. bought a new position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,800 shares of the bank’s stock, valued at approximately $227,000.

Several other institutional investors have also recently made changes to their positions in EBMT. Barclays PLC boosted its holdings in Eagle Bancorp Montana by 25.8% during the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after purchasing an additional 2,165 shares during the last quarter. Brandes Investment Partners LP lifted its position in shares of Eagle Bancorp Montana by 9.9% during the 4th quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock worth $3,378,000 after buying an additional 19,907 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Eagle Bancorp Montana by 4.3% in the 4th quarter. Empowered Funds LLC now owns 23,408 shares of the bank’s stock worth $359,000 after buying an additional 960 shares during the last quarter. State Street Corp boosted its stake in shares of Eagle Bancorp Montana by 5.9% in the 3rd quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after buying an additional 1,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Eagle Bancorp Montana by 17.5% during the third quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock valued at $1,218,000 after acquiring an additional 11,490 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Eagle Bancorp Montana Stock Performance

NASDAQ EBMT opened at $16.99 on Tuesday. The company has a market capitalization of $135.53 million, a PE ratio of 13.70 and a beta of 0.48. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. Eagle Bancorp Montana, Inc. has a 52-week low of $12.32 and a 52-week high of $18.37. The company has a 50-day simple moving average of $16.37 and a 200 day simple moving average of $16.22.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. On average, research analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, February 14th. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is currently 45.97%.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total transaction of $151,100.00. Following the sale, the director now directly owns 126,033 shares of the company’s stock, valued at $1,904,358.63. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is owned by corporate insiders.

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.