Goldman Sachs Group Inc. Acquires 17,509 Shares of Eagle Bancorp Montana, Inc. $EBMT

Key Points

• Goldman Sachs Group Inc. increased its stake in Eagle Bancorp Montana by 127.4%, acquiring an additional 17,509 shares, bringing its total ownership to 31,256 shares valued at approximately $524,000.
• Eagle Bancorp Montana recently raised its quarterly dividend to $0.145 per share, an increase from the previous $0.14, resulting in a dividend yield of 3.4%.
• Recent insider sales were reported, with Director Kenneth M. Walsh selling 10,000 shares and Director Corey Jensen selling 2,500 shares, representing a decrease in their respective ownership stakes.

Goldman Sachs Group Inc. increased its position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) by 127.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,256 shares of the bank's stock after acquiring an additional 17,509 shares during the quarter. Goldman Sachs Group Inc. owned about 0.39% of Eagle Bancorp Montana worth $524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in Eagle Bancorp Montana by 40.6% during the 1st 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 during the period. Jane Street Group LLC raised 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 valued at $602,000 after purchasing an additional 23,694 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Eagle Bancorp Montana by 7.3% in the first quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock valued at $421,000 after purchasing an additional 1,706 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock valued at $38,000 after purchasing an additional 1,766 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Eagle Bancorp Montana by 14.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,952 shares of the bank's stock valued at $385,000 after purchasing an additional 2,850 shares during the last quarter. Institutional investors own 35.66% of the company's stock.

Insider Activity at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $15.84, for a total value of $158,400.00. Following the completion of the transaction, the director owned 106,033 shares of the company's stock, valued at $1,679,562.72. This represents a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Corey Jensen sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total value of $42,125.00. Following the completion of the transaction, the director directly owned 6,588 shares of the company's stock, valued at $111,007.80. This represents a 27.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company's stock.

Eagle Bancorp Montana Trading Up 0.1%

Shares of Eagle Bancorp Montana stock opened at $17.31 on Friday. The firm has a 50-day moving average of $16.94 and a 200-day moving average of $16.87. The stock has a market cap of $137.61 million, a PE ratio of 10.82 and a beta of 0.34. Eagle Bancorp Montana, Inc. has a 52-week low of $14.35 and a 52-week high of $18.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 0.90.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.41. The company had revenue of $23.51 million during the quarter, compared to analysts' expectations of $17.34 million. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.10%. As a group, sell-side analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.145 dividend. This is an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Eagle Bancorp Montana's payout ratio is currently 36.25%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Eagle Bancorp Montana from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd.

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.

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