Eagle Bancorp Montana (NASDAQ:EBMT) Upgraded at StockNews.com

StockNews.com upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a buy rating in a research note released on Wednesday.

Eagle Bancorp Montana Price Performance

Shares of NASDAQ EBMT opened at $15.40 on Wednesday. The business has a fifty day moving average price of $15.82 and a two-hundred day moving average price of $15.54. The stock has a market capitalization of $123.46 million, a PE ratio of 12.42 and a beta of 0.53. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93. Eagle Bancorp Montana has a fifty-two week low of $12.32 and a fifty-two week high of $17.62.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. As a group, equities analysts predict that Eagle Bancorp Montana will post 1.57 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be paid a $0.1425 dividend. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.57 annualized dividend and a dividend yield of 3.70%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 45.97%.

Insider Transactions at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the transaction, the director now owns 57,838 shares of the company’s stock, valued at $981,510.86. This represents a 7.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC raised its position in Eagle Bancorp Montana by 25.8% in the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after purchasing an additional 2,165 shares during the last quarter. State Street Corp raised its position in shares of Eagle Bancorp Montana by 5.9% during the third quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after acquiring an additional 1,000 shares during the last quarter. Empowered Funds LLC boosted its holdings in Eagle Bancorp Montana by 5.0% in the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after acquiring an additional 1,072 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Eagle Bancorp Montana by 3.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock valued at $701,000 after purchasing an additional 1,699 shares during the period. Finally, John G Ullman & Associates Inc. lifted its position in shares of Eagle Bancorp Montana by 13.4% in the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after purchasing an additional 7,382 shares during the period. 35.66% of the stock is currently owned by institutional investors.

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.