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

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.30 and traded as high as $16.84. Eagle Bancorp Montana shares last traded at $16.77, with a volume of 55,982 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

Eagle Bancorp Montana Stock Down 3.2 %

The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a market cap of $130.18 million, a price-to-earnings ratio of 13.16 and a beta of 0.48. The business’s 50 day moving average is $16.64 and its 200 day moving average is $16.30.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. Equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 3.49%. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, February 14th. Eagle Bancorp Montana’s payout ratio is currently 45.97%.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 126,033 shares in the company, valued at $1,904,358.63. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of Eagle Bancorp Montana by 18.6% in the fourth quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock valued at $79,000 after purchasing an additional 803 shares in the last quarter. Barclays PLC boosted its stake in Eagle Bancorp Montana by 25.8% in the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after purchasing an additional 2,165 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Eagle Bancorp Montana during the 4th quarter worth about $166,000. Atria Investments Inc grew its stake in shares of Eagle Bancorp Montana by 10.0% during the fourth quarter. Atria Investments Inc now owns 11,097 shares of the bank’s stock valued at $170,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Eagle Bancorp Montana during the fourth quarter worth $188,000. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.