Hsbc Holdings PLC Buys Shares of 46,646 Eagle Bancorp Montana, Inc. $EBMT

Key Points

• Hsbc Holdings PLC acquired 46,646 shares of Eagle Bancorp Montana in the second quarter, valued at approximately $1.1 million and representing about 0.59% of the company. Institutional investors collectively own 35.66% of the stock.
• Analyst sentiment is favorable, with a consensus rating of “Moderate Buy” and an average price target of $23.50. Weiss Ratings also upgraded the stock to “buy (a-).”
• Eagle Bancorp Montana reported quarterly EPS of $0.47, below the $0.50 estimate, while revenue of $24.16 million exceeded expectations. The company raised its quarterly dividend to $0.1475, equivalent to an annualized yield of approximately 2.6%.

Hsbc Holdings PLC bought a new stake in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 46,646 shares of the bank's stock, valued at approximately $1,097,000. Hsbc Holdings PLC owned about 0.59% of Eagle Bancorp Montana as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in EBMT. BNP Paribas Financial Markets increased its position in Eagle Bancorp Montana by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank's stock valued at $30,000 after buying an additional 664 shares in the last quarter. State of Wyoming boosted its holdings in Eagle Bancorp Montana by 26.6% in the fourth quarter. State of Wyoming now owns 3,730 shares of the bank's stock worth $74,000 after acquiring an additional 784 shares in the last quarter. Bank of America Corp DE boosted its holdings in Eagle Bancorp Montana by 18.6% in 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 in the last quarter. Allworth Financial LP bought a new stake in Eagle Bancorp Montana in the second quarter worth $25,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Eagle Bancorp Montana in the third quarter worth $25,000. 35.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Eagle Bancorp Montana from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Eagle Bancorp Montana Stock Down 1.5%

EBMT opened at $22.35 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $23.40 and a 200-day moving average price of $22.48. Eagle Bancorp Montana, Inc. has a twelve month low of $15.80 and a twelve month high of $24.66. The stock has a market capitalization of $178.13 million, a price-to-earnings ratio of 10.96 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%.The company had revenue of $24.16 million during the quarter, compared to analysts' expectations of $23.55 million. Equities research analysts forecast that Eagle Bancorp Montana, Inc. will post 2.03 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a $0.1475 dividend. This is an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date is Friday, August 14th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.6%. Eagle Bancorp Montana's dividend payout ratio (DPR) is 28.92%.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.

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