Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth M. Walsh Sells 10,000 Shares

Key Points

• Kenneth M. Walsh, a director at Eagle Bancorp Montana, Inc., sold 10,000 shares at an average price of $15.84, resulting in a total transaction of $158,400.
• Eagle Bancorp Montana recently declared a quarterly dividend of $0.145 per share, an increase from the previous dividend of $0.14, representing a yield of 3.7%.
• Wall Street Zen has downgraded Eagle Bancorp Montana from a "buy" to a "hold" rating in light of recent financial developments.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, 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 document filed with the SEC, which is available through this link.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT traded up $0.17 during trading hours on Friday, reaching $15.91. The company had a trading volume of 11,081 shares, compared to its average volume of 35,817. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.89. Eagle Bancorp Montana, Inc. has a 1-year low of $12.61 and a 1-year high of $18.49. The business's 50 day moving average price is $16.56 and its 200-day moving average price is $16.69. The firm has a market cap of $126.96 million, a PE ratio of 9.94 and a beta of 0.39.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The bank reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.14%. The company had revenue of $23.51 million for the quarter, compared to analyst estimates of $17.34 million. Research analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders 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. This represents a $0.58 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Eagle Bancorp Montana's dividend payout ratio (DPR) is currently 35.63%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Eagle Bancorp Montana from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of large investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in Eagle Bancorp Montana in the 2nd quarter valued at about $29,000. Jones Financial Companies Lllp increased its position in shares of Eagle Bancorp Montana by 355.3% during the first 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 in the last quarter. Bank of America Corp DE lifted its holdings 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 purchasing an additional 803 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Eagle Bancorp Montana by 56.0% during the second quarter. Farther Finance Advisors LLC now owns 6,241 shares of the bank's stock worth $104,000 after buying an additional 2,241 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Eagle Bancorp Montana in the fourth quarter valued at about $166,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

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.