Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Eagle Bancorp Montana's stock price surpassed its 200-day moving average of $16.87, trading as high as $17.31, and closing at $17.20 with a volume of 16,367 shares.
• The company recently declared a quarterly dividend of $0.145 per share, an increase from a previous $0.14, yielding an annualized total of $0.58 and a 3.4% yield.
• Analysts at Wall Street Zen downgraded Eagle Bancorp Montana from a "buy" to a "hold" rating prior to its earnings report, which met consensus estimates with an EPS of $0.41.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.87 and traded as high as $17.31. Eagle Bancorp Montana shares last traded at $17.20, with a volume of 16,367 shares.

Wall Street Analysts Forecast Growth

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

Eagle Bancorp Montana Trading Down 0.6%

The stock has a fifty day moving average of $16.93 and a 200-day moving average of $16.87. 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 company has a market cap of $139.84 million, a PE ratio of 10.99 and a beta of 0.34.

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

Eagle Bancorp Montana Increases Dividend

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

Insiders Place Their Bets

In related news, Director Corey Jensen sold 2,500 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $16.85, for a total transaction of $42,125.00. Following the completion of the sale, the director directly 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 SEC, which is available through this link. 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 transaction, the director directly owned 106,033 shares in the company, valued at $1,679,562.72. This represents a 8.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in Eagle Bancorp Montana during the 2nd quarter valued at about $46,000. Lazard Asset Management LLC acquired a new position in shares of Eagle Bancorp Montana in the second quarter valued at about $192,000. HoldCo Asset Management LP acquired a new position in shares of Eagle Bancorp Montana in the second quarter valued at about $538,000. Bridgeway Capital Management LLC increased its holdings 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 holdings in Eagle Bancorp Montana by 6.3% during the second quarter. Bank of America Corp DE now owns 77,711 shares of the bank's stock worth $1,295,000 after acquiring an additional 4,637 shares during the period. 35.66% of the stock is owned by institutional investors and hedge funds.

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.