Sei Investments Co. Purchases New Shares in Eagle Bancorp Montana, Inc. $EBMT

Key Points

• Sei Investments Co. purchased 63,392 shares of Eagle Bancorp Montana valued at approximately $1.3 million, giving it a 0.80% stake. Institutional investors collectively own 35.66% of the bank.
• Eagle Bancorp Montana reported quarterly earnings of $0.47 per share, below the $0.50 consensus estimate, although revenue of $24.16 million exceeded analyst expectations.
• The bank raised its quarterly dividend to $0.1475 per share, equivalent to $0.59 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $23.50.

Sei Investments Co. purchased a new position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 63,392 shares of the bank's stock, valued at approximately $1,305,000. Sei Investments Co. owned approximately 0.80% of Eagle Bancorp Montana at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EBMT. Russell Investments Group Ltd. purchased a new position in shares of Eagle Bancorp Montana in the third quarter worth approximately $25,000. Raymond James Financial Inc. purchased a new stake in shares of Eagle Bancorp Montana in the 2nd quarter valued at approximately $28,000. BNP Paribas Financial Markets lifted its position in shares of Eagle Bancorp Montana by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank's stock valued at $30,000 after acquiring an additional 664 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after purchasing an additional 1,766 shares during the period. Finally, State of Wyoming acquired a new position in Eagle Bancorp Montana in the 2nd quarter worth approximately $46,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Montana Stock Up 0.4%

Shares of EBMT stock opened at $23.49 on Wednesday. The stock's 50 day simple moving average is $23.42 and its 200 day simple moving average is $22.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 0.87. Eagle Bancorp Montana, Inc. has a twelve month low of $15.80 and a twelve month high of $24.66. The company has a market capitalization of $187.22 million, a price-to-earnings ratio of 11.51 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share 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 analyst estimates of $23.55 million. As a group, research analysts predict that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, August 14th. This is a positive change from Eagle Bancorp Montana's previous quarterly dividend of $0.14. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.5%. Eagle Bancorp Montana's dividend payout ratio is presently 28.43%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EBMT shares. DA Davidson boosted their target price on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Hovde Group increased their price objective on Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a "market perform" rating in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Eagle Bancorp Montana from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eagle Bancorp Montana has an average rating of "Moderate Buy" and an average price target of $23.50.

Eagle Bancorp Montana Profile

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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