Eagle Bancorp Montana (NASDAQ:EBMT) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Eagle Bancorp Montana shares crossed above their 200-day moving average, reaching $23.40 before closing at $22.86. Analysts’ average target is $23.50, with a consensus “Moderate Buy” rating.
• The bank’s latest quarterly results were mixed: earnings per share came in at $0.47, below the $0.50 estimate, while revenue of $24.16 million exceeded expectations.
• The quarterly dividend increased to $0.1475 per share, or $0.59 annually, yielding approximately 2.6%. Institutional investors own about 35.66% of the company.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.50 and traded as high as $23.40. Eagle Bancorp Montana shares last traded at $22.86, with a volume of 42,267 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. DA Davidson lifted their price objective on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Hovde Group increased their target price on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a "market perform" rating in a research note on Thursday, April 30th. Finally, Weiss Ratings raised Eagle Bancorp Montana from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.50.

Eagle Bancorp Montana Trading Up 0.2%

The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $23.47 and a two-hundred day moving average of $22.50. The stock has a market capitalization of $182.19 million, a price-to-earnings ratio of 11.21 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.03). The firm had revenue of $24.16 million for the quarter, compared to analyst estimates of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%. On average, research analysts expect that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.1475 per share. 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, August 14th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.6%. Eagle Bancorp Montana's dividend payout ratio (DPR) is currently 28.92%.

Institutional Trading of Eagle Bancorp Montana

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in 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 worth $79,000 after acquiring an additional 803 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Eagle Bancorp Montana by 355.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after purchasing an additional 1,766 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Eagle Bancorp Montana by 127.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank's stock worth $524,000 after purchasing an additional 17,509 shares during the period. Empowered Funds LLC grew its stake in shares of Eagle Bancorp Montana by 7.3% during the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock worth $421,000 after purchasing an additional 1,706 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of 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 in the last quarter. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Montana Company Profile

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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