Insider Selling: Eagle Bancorp Montana (NASDAQ:EBMT) Director Sells 2,500 Shares of Stock

Key Points

• Director Corey Jensen of Eagle Bancorp Montana, Inc. sold 2,500 shares at an average price of $16.85, resulting in a total value of $42,125 and a 27.51% decrease in ownership.
• The company recently announced a dividend increase from $0.14 to $0.145 per share, representing an annualized yield of 3.5% and a payout ratio of 35.63%.
• Wall Street analysts downgraded Eagle Bancorp Montana from a “buy” rating to a “hold” rating, indicating a shift in market sentiment about the stock's performance.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report) Director Corey Jensen sold 2,500 shares of Eagle Bancorp Montana stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total transaction of $42,125.00. Following the completion of the sale, the director owned 6,588 shares of the company's stock, valued at $111,007.80. This trade represents a 27.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eagle Bancorp Montana Trading Up 1.0%

Eagle Bancorp Montana stock traded up $0.17 during trading on Wednesday, hitting $16.94. The company had a trading volume of 14,866 shares, compared to its average volume of 43,545. Eagle Bancorp Montana, Inc. has a 1-year low of $13.79 and a 1-year high of $18.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.99. The company's 50 day simple moving average is $16.56 and its 200-day simple moving average is $16.78. The stock has a market cap of $134.67 million, a price-to-earnings ratio of 10.59 and a beta of 0.39.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The bank reported $0.41 earnings per share 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 7.10%. The firm had revenue of $23.51 million during the quarter, compared to the consensus estimate of $17.34 million. As a group, analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.145 dividend. 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 annualized dividend and a yield of 3.4%. Eagle Bancorp Montana's payout ratio is 36.25%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Eagle Bancorp Montana by 18.6% during the fourth quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock worth $79,000 after purchasing an additional 803 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Eagle Bancorp Montana during the second quarter worth $28,000. Empowered Funds LLC grew its stake in shares of Eagle Bancorp Montana by 7.3% during the first quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock worth $421,000 after purchasing an additional 1,706 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Eagle Bancorp Montana during the second quarter worth $29,000. Finally, Jones Financial Companies Lllp grew its stake 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. Institutional investors and hedge funds own 35.66% of the company's stock.

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.