Ritholtz Wealth Management Takes $599,000 Position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Ritholtz Wealth Management purchased a new stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,769 shares of the bank's stock, valued at approximately $599,000. Ritholtz Wealth Management owned approximately 0.45% of Eagle Bancorp Montana at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of EBMT. Rhino Investment Partners Inc boosted its stake in shares of Eagle Bancorp Montana by 18.7% in the fourth 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 in the last quarter. Renaissance Technologies LLC boosted 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 valued at $1,667,000 after buying an additional 20,812 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Eagle Bancorp Montana in the fourth quarter valued at approximately $308,000. Brandes Investment Partners LP boosted its stake in shares of Eagle Bancorp Montana by 9.9% in the fourth quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank's stock valued at $3,378,000 after buying an additional 19,907 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Eagle Bancorp Montana during the fourth quarter worth $270,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Montana Price Performance

EBMT traded down $0.21 during trading on Friday, reaching $15.31. 109,366 shares of the stock were exchanged, compared to its average volume of 25,241. The business's 50 day moving average price is $16.92 and its two-hundred day moving average price is $16.44. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market capitalization of $122.17 million, a price-to-earnings ratio of 10.86 and a beta of 0.36. Eagle Bancorp Montana, Inc. has a 1 year low of $12.61 and a 1 year high of $18.49.

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

Eagle Bancorp Montana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.1425 per share. The ex-dividend date was Friday, May 16th. This represents a $0.57 dividend on an annualized basis and a yield of 3.72%. Eagle Bancorp Montana's payout ratio is 40.43%.

Insiders Place Their Bets

In other news, Director Kenneth M. Walsh sold 10,000 shares of the business's 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 transaction, the director now directly owns 116,033 shares of the company's stock, valued at $2,059,585.75. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.10% of the stock is owned by company insiders.

Eagle Bancorp Montana 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.