Eagle Bancorp Montana (NASDAQ:EBMT) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Eagle Bancorp Montana's stock recently crossed above its 200-day moving average, trading at $17.43, which is an increase from its previous average of $16.85.
• Wall Street analysts downgraded the company's rating from "buy" to "hold" shortly before the recent price movement.
• The company announced a quarterly dividend increase to $0.145 per share, reflecting a 3.3% dividend yield and a payout ratio of 36.25%.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.85 and traded as high as $17.44. Eagle Bancorp Montana shares last traded at $17.43, with a volume of 27,042 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Eagle Bancorp Montana from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd.

Eagle Bancorp Montana Trading Down 0.9%

The company has a debt-to-equity ratio of 0.99, a current ratio of 0.90 and a quick ratio of 0.90. The company's fifty day moving average is $16.85 and its 200-day moving average is $16.90. The stock has a market cap of $138.09 million, a PE ratio of 10.86 and a beta of 0.34.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its earnings results on Tuesday, July 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.10%. The firm had revenue of $23.51 million during the quarter, compared to analysts' expectations of $17.34 million. On average, analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 3.3%. This is a boost from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, August 15th. Eagle Bancorp Montana's dividend payout ratio is 36.25%.

Insider Buying and Selling at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $15.84, for a total transaction of $158,400.00. Following the sale, the director owned 106,033 shares in the company, valued at approximately $1,679,562.72. This trade represents a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Corey Jensen sold 2,500 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total transaction of $42,125.00. Following the sale, the director owned 6,588 shares in the company, valued at approximately $111,007.80. This represents a 27.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.

Institutional Trading of Eagle Bancorp Montana

Several institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Eagle Bancorp Montana in the second quarter valued at about $46,000. Lazard Asset Management LLC acquired a new stake in shares of Eagle Bancorp Montana in the second quarter valued at about $192,000. HoldCo Asset Management LP acquired a new stake in shares of Eagle Bancorp Montana in the second quarter valued at about $538,000. Bridgeway Capital Management LLC grew its position in shares of Eagle Bancorp Montana by 3.6% in the second quarter. Bridgeway Capital Management LLC now owns 63,938 shares of the bank's stock valued at $1,066,000 after purchasing an additional 2,203 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Eagle Bancorp Montana by 6.3% in the second quarter. Bank of America Corp DE now owns 77,711 shares of the bank's stock valued at $1,295,000 after purchasing an additional 4,637 shares during the period. Institutional investors and hedge funds own 35.66% of the company's stock.

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.