Eagle Bancorp Montana (NASDAQ:EBMT) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.08 and traded as high as $20.71. Eagle Bancorp Montana shares last traded at $20.50, with a volume of 75,695 shares trading hands.

Wall Street Analyst Weigh In

EBMT has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research note on Monday, December 29th. DA Davidson lifted their price target on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Zacks Research upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $23.00.

Eagle Bancorp Montana Stock Up 0.4%

The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $21.66 and a 200 day simple moving average of $19.08. The stock has a market cap of $163.39 million, a price-to-earnings ratio of 10.90 and a beta of 0.31.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, January 27th. The bank reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. Eagle Bancorp Montana had a return on equity of 8.06% and a net margin of 11.67%.The company had revenue of $24.29 million for the quarter, compared to analyst estimates of $18.89 million. As a group, analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 13th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, February 13th. Eagle Bancorp Montana’s payout ratio is 30.85%.

Insiders Place Their Bets

In other news, Director Samuel Waters sold 2,100 shares of Eagle Bancorp Montana stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $22.48, for a total transaction of $47,208.00. Following the completion of the transaction, the director directly owned 31,534 shares in the company, valued at $708,884.32. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Joseph Johnson sold 4,192 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $23.06, for a total transaction of $96,667.52. Following the sale, the director directly owned 48,873 shares of the company’s stock, valued at approximately $1,127,011.38. The trade was a 7.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,647 shares of company stock worth $446,110. Insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Large investors have recently added to or reduced their stakes in the business. Fourthstone LLC boosted its stake in Eagle Bancorp Montana by 272.3% during the 4th quarter. Fourthstone LLC now owns 342,748 shares of the bank’s stock valued at $6,821,000 after purchasing an additional 250,681 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Eagle Bancorp Montana by 108.0% in the second quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock worth $2,891,000 after purchasing an additional 90,024 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Eagle Bancorp Montana in the second quarter valued at approximately $699,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Eagle Bancorp Montana by 145.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 66,642 shares of the bank’s stock valued at $1,111,000 after purchasing an additional 39,464 shares in the last quarter. Finally, HoldCo Asset Management LP purchased a new position in shares of Eagle Bancorp Montana during the second quarter valued at approximately $538,000. 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.