Eagle Bancorp Montana (NASDAQ:EBMT) Shares Pass Above 200 Day Moving Average – What’s Next?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.95 and traded as high as $23.74. Eagle Bancorp Montana shares last traded at $23.29, with a volume of 71,658 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings raised Eagle Bancorp Montana from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Hovde Group raised their price objective on shares of 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. Zacks Research lowered shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, DA Davidson raised 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Eagle Bancorp Montana presently has a consensus rating of “Hold” and a consensus target price of $23.50.

Eagle Bancorp Montana Trading Up 1.3%

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 firm has a market capitalization of $185.62 million, a P/E ratio of 11.76 and a beta of 0.35. The firm’s 50-day simple moving average is $22.04 and its 200-day simple moving average is $20.95.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Eagle Bancorp Montana had a net margin of 12.16% and a return on equity of 8.29%. The business had revenue of $23.58 million during the quarter, compared to analysts’ expectations of $23.05 million. Analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Eagle Bancorp Montana’s payout ratio is currently 29.29%.

Insider Buying and Selling

In other news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,877,995.80. This represents a 10.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently modified their holdings of EBMT. Russell Investments Group Ltd. purchased a new position in shares of Eagle Bancorp Montana in the 3rd quarter worth about $25,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana in the 2nd quarter worth about $28,000. BNP Paribas Financial Markets boosted its holdings in shares of Eagle Bancorp Montana by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after purchasing an additional 664 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 1,766 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Eagle Bancorp Montana in the 2nd quarter worth about $46,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

About Eagle Bancorp Montana

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.