Eagle Bancorp Montana (NASDAQ:EBMT) Shares Cross Above 200 Day Moving Average - What's Next?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.52 and traded as high as $17.17. Eagle Bancorp Montana shares last traded at $16.98, with a volume of 15,227 shares traded.

Eagle Bancorp Montana Stock Down 0.1%

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 company has a market cap of $133.53 million, a PE ratio of 13.52 and a beta of 0.37. The business's 50 day moving average is $16.94 and its 200-day moving average is $16.52.

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

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, May 16th. Eagle Bancorp Montana's payout ratio is 40.43%.

Insider Activity at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $17.75, for a total transaction of $177,500.00. Following the completion of the sale, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after purchasing an additional 1,766 shares during the last quarter. Bank of America Corp DE raised its stake in Eagle Bancorp Montana by 18.6% during the fourth 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 in the last quarter. Hsbc Holdings PLC bought a new position in Eagle Bancorp Montana during the 4th quarter worth approximately $166,000. Atria Investments Inc grew its position in shares of 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 acquiring an additional 1,006 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Eagle Bancorp Montana in the 4th quarter valued at approximately $188,000. 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.