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 firm's 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 transaction, the director directly owned 106,033 shares of the company's stock, valued at $1,679,562.72. This represents a 8.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eagle Bancorp Montana Stock Up 1.1%

Shares of Eagle Bancorp Montana stock traded up $0.17 during trading on Friday, hitting $15.91. 11,081 shares of the stock were exchanged, compared to its average volume of 35,817. The stock has a market cap of $126.96 million, a price-to-earnings ratio of 9.94 and a beta of 0.39. The firm's 50-day moving average price is $16.56 and its 200 day moving average price is $16.70. Eagle Bancorp Montana, Inc. has a 12-month low of $12.61 and a 12-month high of $18.49. 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 (NASDAQ:EBMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $23.51 million during the quarter, compared to analysts' expectations of $17.34 million. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.14%. As a group, analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed 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 an increase from Eagle Bancorp Montana's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.58 annualized dividend and a dividend yield of 3.6%. Eagle Bancorp Montana's dividend payout ratio is presently 35.63%.

Institutional Investors Weigh In On Eagle Bancorp Montana

Several institutional investors have recently modified their holdings of EBMT. Bank of America Corp DE raised its stake in Eagle Bancorp Montana by 18.6% during the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock worth $79,000 after acquiring an additional 803 shares in the last quarter. Empowered Funds LLC raised its stake in Eagle Bancorp Montana by 7.3% during the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock worth $421,000 after acquiring an additional 1,706 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Eagle Bancorp Montana during the 2nd quarter worth $29,000. Jones Financial Companies Lllp raised its stake in Eagle Bancorp Montana by 355.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after acquiring an additional 1,766 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Eagle Bancorp Montana by 56.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,241 shares of the bank's stock worth $104,000 after acquiring an additional 2,241 shares in the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

About Eagle Bancorp Montana

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.