Eagle Bancorp Montana (NASDAQ:EBMT) Stock Passes Above 200 Day Moving Average - Here's What Happened

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.89 and traded as high as $17.62. Eagle Bancorp Montana shares last traded at $17.41, with a volume of 24,483 shares changing hands.

Analysts Set New Price Targets

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

Eagle Bancorp Montana Trading Down 0.8%

The company has a market cap of $138.41 million, a price-to-earnings ratio of 10.88 and a beta of 0.34. The firm has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $16.89. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.99.

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

Eagle Bancorp Montana Increases Dividend

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

Insider Activity

In related news, Director Corey Jensen sold 2,500 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was 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 $111,007.80. This represents a 27.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth M. Walsh sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $15.84, for a total value of $158,400.00. Following the sale, the director owned 106,033 shares in the company, valued at approximately $1,679,562.72. The trade was a 8.62% decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Eagle Bancorp Montana in the second quarter worth approximately $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Eagle Bancorp Montana in the second quarter worth $29,000. Jones Financial Companies Lllp increased its position in Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after buying an additional 1,766 shares during the last quarter. State of Wyoming purchased a new stake in Eagle Bancorp Montana in the second quarter worth $46,000. Finally, JPMorgan Chase & Co. increased its position in Eagle Bancorp Montana by 230.8% in the second quarter. JPMorgan Chase & Co. now owns 3,520 shares of the bank's stock worth $59,000 after buying an additional 2,456 shares during the last quarter. Institutional investors 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.

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