Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report)'s share price 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 traded.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Eagle Bancorp Montana from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd.
Check Out Our Latest Research Report on Eagle Bancorp Montana
Eagle Bancorp Montana Price Performance
The company has a market cap of $137.69 million, a PE ratio of 10.83 and a beta of 0.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average of $16.94 and a 200-day moving average of $16.88.
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 analysts' consensus estimates of $0.41. The company had revenue of $23.51 million during the quarter, compared to analyst estimates of $17.34 million. Eagle Bancorp Montana had a return on equity of 7.10% and a net margin of 10.09%. Equities analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.
Eagle Bancorp Montana Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.145 dividend. This is a positive change from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date was Friday, August 15th. This represents a $0.58 dividend on an annualized basis and a yield of 3.3%. Eagle Bancorp Montana's dividend payout ratio (DPR) is 36.25%.
Insiders Place Their Bets
In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $15.84, for a total value of $158,400.00. Following the completion of the transaction, the director owned 106,033 shares in the company, valued at $1,679,562.72. This trade represents a 8.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Corey Jensen sold 2,500 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $16.85, for a total value of $42,125.00. Following the completion of the transaction, the director owned 6,588 shares of the company's stock, valued at $111,007.80. This trade 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.
Hedge Funds Weigh In On Eagle Bancorp Montana
A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Eagle Bancorp Montana by 18.6% during the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock valued at $79,000 after buying an additional 803 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana during the 2nd quarter valued at about $28,000. Empowered Funds LLC raised 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 valued at $421,000 after buying an additional 1,706 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Eagle Bancorp Montana during the 2nd quarter valued at about $29,000. Finally, Jones Financial Companies Lllp raised its stake 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 valued at $38,000 after buying an additional 1,766 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company's stock.
Eagle Bancorp Montana Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Eagle Bancorp Montana, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eagle Bancorp Montana wasn't on the list.
While Eagle Bancorp Montana currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
