Allied Investment Advisors LLC Takes Position in Eagle Bancorp Montana, Inc. $EBMT

Allied Investment Advisors LLC acquired a new position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 31,769 shares of the bank’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Eagle Bancorp Montana by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 187,849 shares of the bank’s stock worth $3,244,000 after acquiring an additional 5,324 shares in the last quarter. Geode Capital Management LLC grew its position in Eagle Bancorp Montana by 108.0% in the second quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock valued at $2,891,000 after acquiring an additional 90,024 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Eagle Bancorp Montana by 6.3% in the second quarter. Bank of America Corp DE now owns 77,711 shares of the bank’s stock valued at $1,295,000 after purchasing an additional 4,637 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Eagle Bancorp Montana by 5.2% in the third quarter. Bridgeway Capital Management LLC now owns 67,232 shares of the bank’s stock valued at $1,161,000 after purchasing an additional 3,294 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Eagle Bancorp Montana by 145.2% during the 2nd 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. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Insider Activity

In related news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $22.83, for a total value of $228,300.00. Following the completion of the transaction, the director directly owned 82,260 shares of the company’s stock, valued at $1,877,995.80. This represents a 10.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.80% of the company’s stock.

Analysts Set New Price Targets

EBMT has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Eagle Bancorp Montana in a research note on Friday, April 10th. Zacks Research downgraded Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Hovde Group upped their target price on Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.50.

Eagle Bancorp Montana Stock Performance

Shares of EBMT stock opened at $22.22 on Tuesday. Eagle Bancorp Montana, Inc. has a 52 week low of $15.10 and a 52 week high of $23.94. The company has a market cap of $177.09 million, a P/E ratio of 11.22 and a beta of 0.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $21.62 and a two-hundred day moving average of $20.48.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $23.58 million during 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 8.29%. As a group, analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

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

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.