Eagle Bancorp Montana (NASDAQ:EBMT) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.93 and traded as high as $23.77. Eagle Bancorp Montana shares last traded at $23.68, with a volume of 36,933 shares traded.

Analysts Set New Price Targets

EBMT has been the topic of a number of research reports. Hovde Group increased their price objective on Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. Weiss Ratings upgraded Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. DA Davidson raised their price target on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Zacks Research cut shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Eagle Bancorp Montana Stock Up 2.1%

The stock has a market cap of $188.73 million, a price-to-earnings ratio of 11.96 and a beta of 0.35. The business’s 50 day moving average is $22.92 and its 200-day moving average is $21.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 0.86.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $23.58 million during the quarter, compared to analysts’ expectations of $23.05 million. Eagle Bancorp Montana had a net margin of 12.16% and a return on equity of 8.29%. On average, sell-side analysts predict that Eagle Bancorp Montana, Inc. will post 2.04 EPS for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, May 15th. Eagle Bancorp Montana’s dividend payout ratio is 29.29%.

Insiders Place Their Bets

In related news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana 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 sale, the director directly owned 82,260 shares in the company, valued at approximately $1,877,995.80. The trade was a 10.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Eagle Bancorp Montana in the third quarter worth approximately $25,000. Raymond James Financial Inc. acquired a new position in Eagle Bancorp Montana in the 2nd quarter valued at $28,000. BNP Paribas Financial Markets lifted its holdings in Eagle Bancorp Montana by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $30,000 after purchasing an additional 664 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock valued at $38,000 after purchasing an additional 1,766 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Eagle Bancorp Montana during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

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.