Eagle Bancorp Montana (NASDAQ:EBMT) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research note published on Sunday morning. The firm issued a hold rating on the bank’s stock.

Separately, Hovde Group began coverage on shares of Eagle Bancorp Montana in a report on Friday, July 5th. They set a market perform rating and a $13.50 price target for the company.

Eagle Bancorp Montana Price Performance

EBMT opened at $15.61 on Friday. The firm has a market capitalization of $125.15 million, a P/E ratio of 13.94 and a beta of 0.53. The stock has a fifty day moving average of $14.33 and a 200-day moving average of $13.42. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. Eagle Bancorp Montana has a 12-month low of $11.26 and a 12-month high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.07%. The business had revenue of $30.09 million for the quarter, compared to analyst estimates of $20.50 million. Equities analysts forecast that Eagle Bancorp Montana will post 1.06 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $0.142 per share. This represents a $0.57 annualized dividend and a dividend yield of 3.64%. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, August 16th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 50.89%.

Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the transaction, the director now directly owns 61,139 shares of the company’s stock, valued at approximately $873,064.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 9,079 shares of company stock valued at $129,171. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Eagle Bancorp Montana

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Eagle Bancorp Montana by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after buying an additional 1,075 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Eagle Bancorp Montana by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after acquiring an additional 1,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp Montana by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after purchasing an additional 2,937 shares during the last quarter. Brandes Investment Partners LP boosted its position in Eagle Bancorp Montana by 14.3% during the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after purchasing an additional 21,441 shares during the period. Finally, John G Ullman & Associates Inc. grew its holdings in Eagle Bancorp Montana by 105.1% during the first quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock valued at $669,000 after purchasing an additional 26,690 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

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.