Eagle Bancorp Montana (NASDAQ:EBMT) Shares Cross Below Fifty Day Moving Average - Should You Sell?

Key Points

• Eagle Bancorp Montana shares fell below their 50-day moving average, trading as low as $21.09 versus a $21.61 average; the stock was down 2.7% in the reported session.
• Analyst sentiment is cautious: the consensus rating is Hold, with an average price target of $23.50. Weiss Ratings also downgraded the stock from “buy (a-)” to “buy (b+).”
• Quarterly EPS of $0.38 missed the $0.54 consensus, although revenue of $25.08 million topped estimates. The company announced a $0.1475 quarterly dividend, equivalent to a 2.8% annualized yield.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $21.61 and traded as low as $21.09. Eagle Bancorp Montana shares last traded at $21.09, with a volume of 21,200 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Eagle Bancorp Montana from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Eagle Bancorp Montana currently has a consensus rating of "Hold" and an average price target of $23.50.

Eagle Bancorp Montana Trading Down 2.7%

The firm has a fifty day moving average of $21.61 and a 200-day moving average of $22.20. 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 market capitalization of $168.09 million, a price-to-earnings ratio of 10.76 and a beta of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its earnings results on Tuesday, October 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.16). The company had revenue of $25.08 million during the quarter, compared to analyst estimates of $24.50 million. Eagle Bancorp Montana had a net margin of 12.03% and a return on equity of 7.96%. As a group, equities analysts predict that Eagle Bancorp Montana, Inc. will post 1.93 earnings per share for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.1475 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.59 dividend on an annualized basis and a yield of 2.8%. Eagle Bancorp Montana's payout ratio is currently 30.10%.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in shares of Eagle Bancorp Montana by 1.0% during the 1st quarter. Hsbc Holdings PLC now owns 46,645 shares of the bank's stock valued at $963,000 after buying an additional 466 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Eagle Bancorp Montana during the second quarter worth approximately $25,000. Squarepoint Ops LLC increased its stake in shares of Eagle Bancorp Montana by 10.6% in the second quarter. Squarepoint Ops LLC now owns 21,862 shares of the bank's stock worth $523,000 after buying an additional 2,090 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Eagle Bancorp Montana in the second quarter worth $66,000. Finally, Allied Investment Advisors LLC increased its stake in shares of Eagle Bancorp Montana by 9.5% in the third quarter. Allied Investment Advisors LLC now owns 32,502 shares of the bank's stock worth $684,000 after buying an additional 2,833 shares during the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc was a Montana-based bank holding company that operated through its subsidiary, Opportunity Bank of Montana. The company provided community banking services to individuals, families, small businesses and commercial customers across Montana.

Opportunity Bank offered deposit accounts, residential mortgage lending, consumer loans, commercial real estate financing, business loans and other banking products. Its services also included online and mobile banking, along with traditional branch-based banking.

Opportunity Bank traced its history to 1922 and served communities throughout Montana through a network of branches.

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