Insider Selling: Eagle Bancorp Montana, Inc. (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 the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total value of $42,125.00. Following the sale, the director owned 6,588 shares of the company's stock, valued at $111,007.80. This represents a 27.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eagle Bancorp Montana Price Performance

NASDAQ:EBMT traded down $0.36 during midday trading on Friday, hitting $16.54. 4,348 shares of the stock were exchanged, compared to its average volume of 43,957. 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 has a market capitalization of $131.49 million, a price-to-earnings ratio of 10.34 and a beta of 0.39. Eagle Bancorp Montana, Inc. has a one year low of $13.49 and a one year high of $18.49. The business has a 50-day moving average price of $16.57 and a two-hundred day moving average price of $16.74.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The bank reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $23.51 million for 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 7.10%. Sell-side analysts predict 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. 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. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Eagle Bancorp Montana's dividend payout ratio (DPR) is currently 35.63%.

Institutional Trading of Eagle Bancorp Montana

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its stake in Eagle Bancorp Montana by 47.1% during the fourth quarter. Alliancebernstein L.P. now owns 33,666 shares of the bank's stock worth $516,000 after buying an additional 10,780 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Eagle Bancorp Montana by 23.7% in the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank's stock valued at $1,667,000 after buying an additional 20,812 shares during the period. Barclays PLC raised its holdings in Eagle Bancorp Montana by 39.7% in the fourth quarter. Barclays PLC now owns 14,758 shares of the bank's stock worth $227,000 after purchasing an additional 4,191 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Eagle Bancorp Montana by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,192 shares of the bank's stock worth $1,689,000 after acquiring an additional 9,870 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in Eagle Bancorp Montana in the fourth quarter valued at $166,000. Institutional investors own 35.66% of the company's stock.

Wall Street Analyst Weigh In

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

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.

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