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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.37 and traded as high as $23.51. Eagle Bancorp Montana shares last traded at $23.20, with a volume of 125,978 shares changing hands.

Analyst Upgrades and Downgrades

EBMT has been the topic of several recent research reports. Weiss Ratings raised shares of Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday. Zacks Research lowered Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Hovde Group boosted 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. Finally, DA Davidson upped their target price on Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Eagle Bancorp Montana Trading Up 1.3%

The firm has a market capitalization of $184.90 million, a price-to-earnings ratio of 11.72 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average price of $22.41 and a two-hundred day moving average price of $21.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $23.58 million for 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, research analysts forecast that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 29.29%.

Insider Activity

In other news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $22.83, for a total value of $228,300.00. Following the sale, the director owned 82,260 shares in the company, valued at $1,877,995.80. This trade represents a 10.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its stake in Eagle Bancorp Montana by 1.0% during the first quarter. Hsbc Holdings PLC now owns 46,645 shares of the bank’s stock worth $963,000 after buying an additional 466 shares during the period. BNP Paribas Financial Markets raised its stake 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 valued at $30,000 after acquiring an additional 664 shares during the period. State of Wyoming lifted its holdings in shares of Eagle Bancorp Montana by 26.6% in the 4th quarter. State of Wyoming now owns 3,730 shares of the bank’s stock worth $74,000 after acquiring an additional 784 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Eagle Bancorp Montana by 18.6% in the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock worth $79,000 after acquiring an additional 803 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Eagle Bancorp Montana in the 3rd quarter worth approximately $25,000. 35.66% of the stock is 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.