The Manufacturers Life Insurance Company Acquires New Position in Eagle Bancorp Montana, Inc. $EBMT

Key Points

• The Manufacturers Life Insurance Company acquired 395,656 shares of Eagle Bancorp Montana worth approximately $9.47 million, giving it a 4.96% stake. Institutional investors collectively own 35.66% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $23.50. Eagle Bancorp Montana reported quarterly EPS of $0.47, below the $0.50 estimate, while revenue of $24.16 million exceeded expectations.
• The company increased its quarterly dividend to $0.1475 per share, or $0.59 annually, representing a 2.6% yield and a 28.92% payout ratio.

The Manufacturers Life Insurance Company bought a new position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 395,656 shares of the bank's stock, valued at approximately $9,468,000. The Manufacturers Life Insurance Company owned approximately 4.96% of Eagle Bancorp Montana at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EBMT. Allworth Financial LP bought a new position in shares of Eagle Bancorp Montana during the second quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new position in Eagle Bancorp Montana during the 3rd quarter worth $25,000. Raymond James Financial Inc. bought a new position in Eagle Bancorp Montana during the 2nd quarter worth $28,000. BNP Paribas Financial Markets increased its position in Eagle Bancorp Montana by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank's stock worth $30,000 after buying an additional 664 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after buying an additional 1,766 shares during the period. 35.66% of the stock is currently 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 research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Eagle Bancorp Montana Price Performance

Shares of NASDAQ:EBMT opened at $22.70 on Friday. The company has a market capitalization of $180.92 million, a PE ratio of 11.13 and a beta of 0.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a fifty day moving average of $23.42 and a 200-day moving average of $22.49. Eagle Bancorp Montana, Inc. has a one year low of $15.80 and a one year high of $24.66.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released 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). The firm had revenue of $24.16 million during the quarter, compared to analysts' expectations of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%. As a group, equities analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.03 EPS 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 4th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.1475 per share. 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%. This is an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. Eagle Bancorp Montana's payout ratio is 28.92%.

Eagle Bancorp Montana Company 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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