Eagle Bancorp Montana (NASDAQ:EBMT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.52 and traded as high as $17.17. Eagle Bancorp Montana shares last traded at $16.98, with a volume of 15,227 shares trading hands.

Eagle Bancorp Montana Stock Performance

The stock has a market capitalization of $135.45 million, a price-to-earnings ratio of 13.69 and a beta of 0.37. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The stock’s 50-day simple moving average is $16.94 and its 200 day simple moving average is $16.52.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $20.90 million for the quarter, compared to analyst estimates of $16.69 million. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. Analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.1425 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.57 dividend on an annualized basis and a yield of 3.36%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 40.43%.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $17.75, for a total transaction of $177,500.00. Following the transaction, the director now directly owns 116,033 shares in the company, valued at approximately $2,059,585.75. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of large investors have recently modified their holdings of EBMT. Janney Montgomery Scott LLC lifted its position in shares of Eagle Bancorp Montana by 3.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock worth $701,000 after purchasing an additional 1,699 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Eagle Bancorp Montana by 4.3% during the fourth quarter. Empowered Funds LLC now owns 23,408 shares of the bank’s stock worth $359,000 after purchasing an additional 960 shares in the last quarter. Atria Investments Inc lifted its position 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 worth $170,000 after purchasing an additional 1,006 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Eagle Bancorp Montana during the fourth quarter worth approximately $308,000. Finally, Brandes Investment Partners LP lifted its position in shares of Eagle Bancorp Montana by 9.9% during the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank’s stock worth $3,378,000 after purchasing an additional 19,907 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Bancorp Montana

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.