Eagle Bancorp Montana (NASDAQ:EBMT) Shares Pass Above 200-Day Moving Average - Here's Why

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.40 and traded as high as $16.65. Eagle Bancorp Montana shares last traded at $16.56, with a volume of 58,024 shares traded.

Eagle Bancorp Montana Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.04. The stock has a market cap of $133.27 million, a P/E ratio of 11.84 and a beta of 0.36. The firm has a 50 day moving average price of $16.90 and a 200 day moving average price of $16.40.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. Eagle Bancorp Montana had a net margin of 9.03% and a return on equity of 6.35%. The company had revenue of $20.90 million during the quarter, compared to analyst estimates of $16.69 million. On average, analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.1425 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.57 annualized dividend and a dividend yield of 3.41%. Eagle Bancorp Montana's payout ratio is 40.43%.

Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the 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 completion of the sale, the director now owns 116,033 shares in the company, valued at approximately $2,059,585.75. This represents a 7.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.10% of the stock is owned by corporate insiders.

Institutional Trading of Eagle Bancorp Montana

Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in Eagle Bancorp Montana by 127.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank's stock worth $524,000 after purchasing an additional 17,509 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Eagle Bancorp Montana by 40.6% in the first quarter. Acadian Asset Management LLC now owns 38,802 shares of the bank's stock worth $648,000 after buying an additional 11,201 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Eagle Bancorp Montana by 193.4% in the first quarter. Jane Street Group LLC now owns 35,946 shares of the bank's stock worth $602,000 after buying an additional 23,694 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Eagle Bancorp Montana by 7.3% during the first quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock worth $421,000 after acquiring an additional 1,706 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock valued at $38,000 after acquiring an additional 1,766 shares in the last quarter. Hedge funds and other institutional investors own 35.66% of the company's stock.

Eagle Bancorp Montana Company Profile

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.