Eagle Bancorp Montana (NASDAQ:EBMT) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a buy rating to a hold rating in a report published on Saturday.

Eagle Bancorp Montana Stock Performance

Shares of Eagle Bancorp Montana stock opened at $17.50 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market cap of $139.65 million, a P/E ratio of 12.41 and a beta of 0.35. The firm has a 50 day simple moving average of $16.92 and a 200 day simple moving average of $16.42. Eagle Bancorp Montana has a fifty-two week low of $12.61 and a fifty-two week high of $18.49.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $20.90 million during the quarter, compared to analyst estimates of $16.69 million. Eagle Bancorp Montana had a net margin of 9.03% and a return on equity of 6.35%. Sell-side analysts predict that Eagle Bancorp Montana will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.1425 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.57 dividend on an annualized basis and a yield of 3.26%. Eagle Bancorp Montana’s payout ratio is presently 40.43%.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the firm’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 value of $177,500.00. Following the transaction, the director directly owned 116,033 shares of the company’s stock, valued at approximately $2,059,585.75. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently bought and sold shares of EBMT. Ritholtz Wealth Management bought a new position in Eagle Bancorp Montana in the first quarter valued at approximately $599,000. Rhino Investment Partners Inc boosted its stake in Eagle Bancorp Montana by 18.7% in the fourth quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank’s stock valued at $3,125,000 after acquiring an additional 32,074 shares during the last quarter. Jane Street Group LLC boosted its stake in Eagle Bancorp Montana by 193.4% in the first quarter. Jane Street Group LLC now owns 35,946 shares of the bank’s stock valued at $602,000 after acquiring an additional 23,694 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Eagle Bancorp Montana by 23.7% in the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank’s stock valued at $1,667,000 after acquiring an additional 20,812 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Eagle Bancorp Montana in the fourth quarter valued at approximately $308,000. 35.66% of the stock is 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.