Eagle Bancorp Montana (NASDAQ:EBMT) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Eagle Bancorp Montana shares crossed above their 200-day moving average, trading as high as $23.34 and last changing hands at $22.9050, suggesting recent technical strength.
• The company beat quarterly earnings and revenue estimates, reporting EPS of $0.51 versus $0.45 expected and revenue of $23.58 million versus $23.05 million expected.
• The bank announced a quarterly dividend of $0.145 per share, implying a 2.5% annualized yield, while analysts currently rate the stock a consensus Hold with a $23.50 price target.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.01 and traded as high as $23.34. Eagle Bancorp Montana shares last traded at $22.9050, with a volume of 39,991 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EBMT. Zacks Research lowered shares of Eagle Bancorp Montana from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Weiss Ratings restated a "buy (b)" rating on shares of Eagle Bancorp Montana in a research report on Friday, April 10th. Hovde Group boosted their price target on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a "market perform" rating in a research report on Thursday, April 30th. Finally, DA Davidson boosted their price target on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $23.50.

Eagle Bancorp Montana Stock Up 1.0%

The stock has a market cap of $182.55 million, a price-to-earnings ratio of 11.57 and a beta of 0.35. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.43. The stock's 50-day moving average price is $21.50 and its 200-day moving average price is $20.01.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. The firm had revenue of $23.58 million for the quarter, compared to the consensus estimate of $23.05 million. Eagle Bancorp Montana had a net margin of 12.16% and a return on equity of 8.36%. On average, sell-side analysts expect that Eagle Bancorp Montana, Inc. will post 2.08 earnings per share for the current year.

Eagle Bancorp Montana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a $0.145 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.58 annualized dividend and a dividend yield of 2.5%. Eagle Bancorp Montana's payout ratio is currently 29.29%.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Samuel Waters sold 2,100 shares of Eagle Bancorp Montana stock in a transaction on Friday, February 20th. The shares were sold at an average price of $22.48, for a total value of $47,208.00. Following the completion of the sale, the director owned 31,534 shares in the company, valued at $708,884.32. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Joseph Johnson sold 3,355 shares of Eagle Bancorp Montana stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $23.11, for a total transaction of $77,534.05. Following the completion of the sale, the director owned 45,518 shares of the company's stock, valued at $1,051,920.98. This represents a 6.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,647 shares of company stock valued at $221,410 in the last quarter. 5.80% of the stock is currently owned by company insiders.

Institutional Trading of Eagle Bancorp Montana

Several hedge funds have recently modified their holdings of EBMT. Bank of America Corp DE increased its stake 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 valued at $79,000 after acquiring an additional 803 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock valued at $38,000 after acquiring an additional 1,766 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Eagle Bancorp Montana by 127.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank's stock valued at $524,000 after acquiring an additional 17,509 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Eagle Bancorp Montana by 7.3% in the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock valued at $421,000 after acquiring an additional 1,706 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Eagle Bancorp Montana by 193.4% in the 1st quarter. Jane Street Group LLC now owns 35,946 shares of the bank's stock valued at $602,000 after purchasing an additional 23,694 shares during the period. Institutional investors own 35.66% of the company's stock.

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.

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