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

Wall Street Zen lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT - Free Report) from a buy rating to a hold rating in a report released on Saturday morning.

Eagle Bancorp Montana Price Performance

Shares of NASDAQ EBMT traded up $0.13 during midday trading on Friday, hitting $17.50. The company had a trading volume of 51,133 shares, compared to its average volume of 30,901. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.04. Eagle Bancorp Montana has a twelve month low of $12.61 and a twelve month high of $18.49. The business has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $16.42. The firm has a market capitalization of $139.65 million, a price-to-earnings ratio of 12.41 and a beta of 0.35.

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 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 firm had revenue of $20.90 million during the quarter, compared to analysts' expectations of $16.69 million. Equities research analysts anticipate that Eagle Bancorp Montana will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, May 16th. Eagle Bancorp Montana's dividend payout ratio (DPR) is 40.43%.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction dated 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 transaction, the director owned 116,033 shares in the company, valued at approximately $2,059,585.75. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.10% of the company's stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position 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 worth $38,000 after acquiring an additional 1,766 shares during the last quarter. Bank of America Corp DE raised its position 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 worth $79,000 after acquiring an additional 803 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Eagle Bancorp Montana during the fourth quarter worth about $166,000. Atria Investments Inc raised its position in Eagle Bancorp Montana by 10.0% during the fourth quarter. Atria Investments Inc now owns 11,097 shares of the bank's stock worth $170,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Eagle Bancorp Montana during the fourth quarter worth about $188,000. Institutional investors and hedge funds own 35.66% of the company's stock.

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.