Eagle Bancorp Montana (NASDAQ:EBMT) Rating Lowered to "Hold" at 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 report published on Saturday.

Eagle Bancorp Montana Trading Down 0.5%

EBMT stock traded down $0.08 during mid-day trading on Friday, reaching $17.57. 41,695 shares of the stock traded hands, compared to its average volume of 31,185. Eagle Bancorp Montana has a 52-week low of $12.61 and a 52-week high of $18.49. The stock's fifty day moving average is $16.94 and its 200-day moving average is $16.45. The company has a market cap of $140.21 million, a P/E ratio of 12.46 and a beta of 0.35. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.04.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 EPS for the quarter, beating 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 business had revenue of $20.90 million during the quarter, compared to the consensus estimate of $16.69 million. As a group, sell-side analysts expect that Eagle Bancorp Montana will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.24%. Eagle Bancorp Montana's dividend payout ratio is 40.43%.

Insiders Place Their Bets

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.75, for a total transaction of $177,500.00. Following the completion of the sale, the director directly owned 116,033 shares in the company, valued at approximately $2,059,585.75. This trade represents a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company's stock.

Institutional Trading of Eagle Bancorp Montana

Hedge funds have recently made changes to their positions in the stock. Brandes Investment Partners LP grew its position in Eagle Bancorp Montana by 9.9% during the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank's stock valued at $3,378,000 after purchasing an additional 19,907 shares in the last quarter. Rhino Investment Partners Inc boosted its stake in shares of Eagle Bancorp Montana by 18.7% during the 4th quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank's stock valued at $3,125,000 after buying an additional 32,074 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Eagle Bancorp Montana by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 110,192 shares of the bank's stock valued at $1,689,000 after acquiring an additional 9,870 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Eagle Bancorp Montana by 23.7% in the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank's stock worth $1,667,000 after acquiring an additional 20,812 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake 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 acquiring an additional 11,201 shares during the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

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.