Petiole USA ltd Sells 42,869 Shares of Eagle Bancorp Montana, Inc. $EBMT

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Petiole USA ltd lowered its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,611 shares of the bank's stock after selling 42,869 shares during the quarter. Eagle Bancorp Montana makes up 2.2% of Petiole USA ltd's investment portfolio, making the stock its 18th largest position. Petiole USA ltd owned about 2.36% of Eagle Bancorp Montana worth $3,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in EBMT. Ritholtz Wealth Management bought a new position in Eagle Bancorp Montana in the 1st quarter worth about $599,000. Rhino Investment Partners Inc boosted its stake in Eagle Bancorp Montana by 18.7% in the 4th quarter. Rhino Investment Partners Inc now owns 203,826 shares of the bank's stock worth $3,125,000 after purchasing an additional 32,074 shares during the period. Renaissance Technologies LLC boosted its stake in Eagle Bancorp Montana by 23.7% in the 4th quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank's stock worth $1,667,000 after purchasing an additional 20,812 shares during the period. Jane Street Group LLC bought a new position in Eagle Bancorp Montana in the 4th quarter worth about $188,000. Finally, Hsbc Holdings PLC bought a new position in Eagle Bancorp Montana in the 4th quarter worth about $166,000. Institutional investors own 35.66% of the company's stock.

Wall Street Analyst Weigh In

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

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 dated Tuesday, August 5th. The stock was 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 approximately $1,679,562.72. This trade represents a 8.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Corey Jensen sold 2,500 shares of Eagle Bancorp Montana stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total value 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 trade represents a 27.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company's stock.

Eagle Bancorp Montana Stock Up 0.6%

Shares of NASDAQ EBMT opened at $16.65 on Tuesday. The company has a market cap of $132.37 million, a P/E ratio of 10.41 and a beta of 0.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $16.56 and a two-hundred day simple moving average of $16.78. Eagle Bancorp Montana, Inc. has a 52 week low of $13.73 and a 52 week high of $18.49.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its quarterly 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 firm had revenue of $23.51 million during the quarter, compared to the consensus estimate of $17.34 million. Eagle Bancorp Montana had a return on equity of 7.10% and a net margin of 10.09%. Research analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.145 per share. This is a boost from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date is Friday, August 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.5%. Eagle Bancorp Montana's dividend payout ratio is 36.25%.

Eagle Bancorp Montana Company 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.

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