Free Trial

Eagle Bancorp Montana (NASDAQ:EBMT) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Eagle Bancorp Montana logo with Finance background

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 $16.52 and traded as high as $17.31. Eagle Bancorp Montana shares last traded at $17.02, with a volume of 28,792 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a report on Wednesday, January 29th.

Get Our Latest Research Report on Eagle Bancorp Montana

Eagle Bancorp Montana Trading Up 0.3%

The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93. The stock's 50-day moving average is $16.94 and its two-hundred day moving average is $16.52. The company has a market cap of $135.81 million, a P/E ratio of 13.73 and a beta of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. The firm had revenue of $20.90 million for the quarter, compared to analysts' expectations of $16.69 million. As a group, equities research analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.57 annualized dividend and a yield of 3.35%. Eagle Bancorp Montana's dividend payout ratio (DPR) is 40.43%.

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 Thursday, May 8th. The stock was sold at an average price of $17.75, for a total value of $177,500.00. Following the transaction, the director now directly owns 116,033 shares of the company's stock, valued at approximately $2,059,585.75. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in shares of Eagle Bancorp Montana by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank's stock worth $701,000 after purchasing an additional 1,699 shares during the period. Empowered Funds LLC boosted its holdings in Eagle Bancorp Montana by 4.3% in the 4th quarter. Empowered Funds LLC now owns 23,408 shares of the bank's stock worth $359,000 after buying an additional 960 shares during the period. Atria Investments Inc increased its stake in Eagle Bancorp Montana by 10.0% in the 4th quarter. Atria Investments Inc now owns 11,097 shares of the bank's stock worth $170,000 after buying an additional 1,006 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Eagle Bancorp Montana during the fourth quarter valued at about $308,000. Finally, Brandes Investment Partners LP lifted its position in shares of Eagle Bancorp Montana by 9.9% in the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank's stock valued at $3,378,000 after acquiring an additional 19,907 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors.

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.

Read More

Should You Invest $1,000 in Eagle Bancorp Montana Right Now?

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

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir at All-Time Highs: Take Profits or Hold the Line?
3 Tech Stocks Insiders Are Buying: Speculative Plays for June
3 Defense Stocks Set to Crush the S&P This Summer

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines