Eagle Bancorp Montana (NASDAQ:EBMT) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Eagle Bancorp Montana Trading Up 0.7%

Shares of EBMT traded up $0.13 during trading hours on Friday, hitting $17.50. The stock had a trading volume of 51,133 shares, compared to its average volume of 30,901. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market cap of $139.65 million, a P/E ratio of 12.41 and a beta of 0.35. The company's fifty day simple moving average is $16.92 and its 200 day simple moving average is $16.42. Eagle Bancorp Montana has a 12-month low of $12.61 and a 12-month high of $18.49.

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

Eagle Bancorp Montana Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued 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 yield of 3.26%. Eagle Bancorp Montana's dividend payout ratio is presently 40.43%.

Insider Activity at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $17.75, for a total value of $177,500.00. Following the sale, the director directly owned 116,033 shares of the company's stock, valued at $2,059,585.75. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.10% of the company's stock.

Institutional Trading of Eagle Bancorp Montana

A number of institutional investors and hedge funds have recently modified their holdings of EBMT. Jones Financial Companies Lllp grew 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 acquiring an additional 1,766 shares during the last quarter. Bank of America Corp DE grew its position in shares of 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 worth $79,000 after acquiring an additional 803 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Eagle Bancorp Montana in the fourth quarter worth $166,000. Atria Investments Inc increased its holdings in shares of Eagle Bancorp Montana by 10.0% during the fourth quarter. Atria Investments Inc now owns 11,097 shares of the bank's stock valued at $170,000 after purchasing an additional 1,006 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Eagle Bancorp Montana during the fourth quarter valued at about $188,000. 35.66% of the stock is owned by institutional investors and hedge funds.

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.