Petiole USA ltd Has $3.16 Million Position in Eagle Bancorp Montana, Inc. $EBMT

Key Points

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Petiole USA ltd cut its position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,611 shares of the bank's stock after selling 42,869 shares during the quarter. Eagle Bancorp Montana makes up about 2.2% of Petiole USA ltd's holdings, making the stock its 18th biggest position. Petiole USA ltd owned about 2.36% of Eagle Bancorp Montana worth $3,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its stake in Eagle Bancorp Montana by 18.6% in the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock valued at $79,000 after buying an additional 803 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Eagle Bancorp Montana in the 4th quarter worth $166,000. Jane Street Group LLC acquired a new stake in Eagle Bancorp Montana in the 4th quarter worth $188,000. Barclays PLC grew its position in Eagle Bancorp Montana by 39.7% in the 4th quarter. Barclays PLC now owns 14,758 shares of the bank's stock worth $227,000 after purchasing an additional 4,191 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Eagle Bancorp Montana by 14.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,952 shares of the bank's stock worth $385,000 after purchasing an additional 2,850 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eagle Bancorp Montana

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

Eagle Bancorp Montana Price Performance

EBMT stock traded up $0.45 during trading on Friday, hitting $17.22. 44,359 shares of the stock traded hands, compared to its average volume of 26,681. Eagle Bancorp Montana, Inc. has a one year low of $13.88 and a one year high of $18.49. The stock has a market cap of $136.90 million, a price-to-earnings ratio of 10.76 and a beta of 0.39. The company has a 50 day simple moving average of $16.59 and a 200 day simple moving average of $16.82. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99.

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 for the quarter, hitting analysts' consensus estimates of $0.41. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.10%. The company had revenue of $23.51 million during the quarter, compared to the consensus estimate of $17.34 million. Equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.145 dividend. This is a boost from Eagle Bancorp Montana's previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 15th. Eagle Bancorp Montana's payout ratio is presently 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.

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.