Renaissance Technologies LLC Boosts Position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Renaissance Technologies LLC boosted its position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,715 shares of the bank's stock after purchasing an additional 20,812 shares during the quarter. Renaissance Technologies LLC owned approximately 1.36% of Eagle Bancorp Montana worth $1,667,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Barclays PLC increased its stake in shares of Eagle Bancorp Montana by 25.8% in the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank's stock worth $167,000 after acquiring an additional 2,165 shares in the last quarter. Atria Investments Inc increased its stake in shares of Eagle Bancorp Montana by 10.0% during the fourth quarter. Atria Investments Inc now owns 11,097 shares of the bank's stock valued at $170,000 after purchasing an additional 1,006 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Eagle Bancorp Montana during the fourth quarter valued at approximately $196,000. Hillsdale Investment Management Inc. bought a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $227,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $270,000. Institutional investors own 35.66% of the company's stock.

Insiders Place Their Bets

In related news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 126,033 shares in the company, valued at approximately $1,904,358.63. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Eagle Bancorp Montana from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th.

Eagle Bancorp Montana Price Performance

Eagle Bancorp Montana stock remained flat at $17.40 during mid-day trading on Wednesday. 54,240 shares of the company were exchanged, compared to its average volume of 19,578. Eagle Bancorp Montana, Inc. has a 52 week low of $12.61 and a 52 week high of $18.37. The company's 50 day moving average price is $16.89 and its 200-day moving average price is $16.40. The firm has a market cap of $138.80 million, a P/E ratio of 14.03 and a beta of 0.40. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. The business had revenue of $20.90 million during the quarter, compared to analysts' expectations of $16.69 million. On average, equities research analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.57 annualized dividend and a yield of 3.28%. Eagle Bancorp Montana's dividend payout ratio is 45.97%.

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.