Eagle Bancorp Montana Inc (NASDAQ:EBMT) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,700 shares, a growth of 60.9% from the September 30th total of 2,300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 0.4 days.
NASDAQ EBMT traded up $0.05 on Friday, reaching $20.25. The stock had a trading volume of 5,500 shares, compared to its average volume of 7,819. The business has a 50 day moving average price of $17.97 and a 200 day moving average price of $17.01. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. Eagle Bancorp Montana has a 1 year low of $15.53 and a 1 year high of $20.60. The company has a market capitalization of $125.18 million, a price-to-earnings ratio of 18.93 and a beta of 0.52.
Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. Eagle Bancorp Montana had a return on equity of 10.82% and a net margin of 15.29%. The firm had revenue of $18.12 million for the quarter, compared to the consensus estimate of $15.10 million. On average, analysts anticipate that Eagle Bancorp Montana will post 1.83 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 35.51%.
Several research analysts recently weighed in on EBMT shares. Zacks Investment Research raised Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, October 24th. ValuEngine lowered Eagle Bancorp Montana from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 24th.
In other Eagle Bancorp Montana news, Director Shavon Cape purchased 3,790 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of $17.30 per share, with a total value of $65,567.00. Following the completion of the transaction, the director now owns 7,145 shares of the company’s stock, valued at $123,608.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy A. Zepeda sold 5,656 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $18.32, for a total value of $103,617.92. Following the transaction, the senior vice president now directly owns 1,650 shares in the company, valued at $30,228. The disclosure for this sale can be found here. Insiders have sold 17,180 shares of company stock worth $314,612 over the last ninety days. 8.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EBMT. EJF Capital LLC grew its stake in Eagle Bancorp Montana by 21.4% in the second quarter. EJF Capital LLC now owns 425,222 shares of the bank’s stock valued at $7,059,000 after purchasing an additional 75,000 shares in the last quarter. Naples Global Advisors LLC purchased a new position in Eagle Bancorp Montana in the second quarter valued at about $471,000. Jacobs Asset Management LLC grew its stake in Eagle Bancorp Montana by 7.2% in the second quarter. Jacobs Asset Management LLC now owns 236,424 shares of the bank’s stock valued at $3,925,000 after purchasing an additional 15,778 shares in the last quarter. Royal Bank of Canada grew its stake in Eagle Bancorp Montana by 20,554.2% in the second quarter. Royal Bank of Canada now owns 12,186 shares of the bank’s stock valued at $202,000 after purchasing an additional 12,127 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Eagle Bancorp Montana by 7.1% in the second quarter. Renaissance Technologies LLC now owns 48,560 shares of the bank’s stock valued at $806,000 after purchasing an additional 3,237 shares in the last quarter. Hedge funds and other institutional investors own 36.29% 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 in Montana. The company accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.
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