Insider Selling: Eagle Bancorp Montana (NASDAQ:EBMT) Director Sells 10,000 Shares of Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth Walsh sold 10,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $22.83, for a total value of $228,300.00. Following the completion of the sale, the director owned 82,260 shares in the company, valued at approximately $1,877,995.80. The trade was a 10.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eagle Bancorp Montana Stock Performance

Shares of EBMT stock traded down $0.01 on Tuesday, hitting $22.43. 29,134 shares of the stock were exchanged, compared to its average volume of 53,543. The firm’s 50 day moving average is $21.50 and its two-hundred day moving average is $20.09. Eagle Bancorp Montana, Inc. has a one year low of $15.10 and a one year high of $23.94. The firm has a market capitalization of $178.77 million, a PE ratio of 11.33 and a beta of 0.35. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.43.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The business had revenue of $23.58 million for the quarter, compared to the consensus estimate of $23.05 million. Eagle Bancorp Montana had a net margin of 12.16% and a return on equity of 8.36%. Sell-side analysts expect that Eagle Bancorp Montana, Inc. will post 2.08 earnings per share for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.58 annualized dividend and a dividend yield of 2.6%. Eagle Bancorp Montana’s dividend payout ratio is presently 29.29%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EBMT shares. DA Davidson lifted their price target on Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Hovde Group increased their price target on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, April 30th. Zacks Research cut shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eagle Bancorp Montana in a report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Eagle Bancorp Montana has an average rating of “Hold” and an average target price of $23.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in Eagle Bancorp Montana in the 3rd quarter worth $25,000. Raymond James Financial Inc. purchased a new position in Eagle Bancorp Montana during the 2nd quarter valued at about $28,000. BNP Paribas Financial Markets raised its position in Eagle Bancorp Montana by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $30,000 after purchasing an additional 664 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after buying an additional 1,766 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Eagle Bancorp Montana during the second quarter valued at approximately $46,000. Institutional investors own 35.66% of the company’s stock.

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.