Rhino Investment Partners Inc Increases Stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Rhino Investment Partners Inc lifted its position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,826 shares of the bank's stock after purchasing an additional 32,074 shares during the quarter. Rhino Investment Partners Inc owned about 2.54% of Eagle Bancorp Montana worth $3,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in Eagle Bancorp Montana in the 4th quarter worth approximately $166,000. Barclays PLC raised its holdings in shares of Eagle Bancorp Montana by 25.8% during the third quarter. Barclays PLC now owns 10,567 shares of the bank's stock worth $167,000 after purchasing an additional 2,165 shares during the last quarter. Atria Investments Inc lifted its position in 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 during the period. Jane Street Group LLC purchased a new stake in Eagle Bancorp Montana in the fourth quarter valued at $188,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Eagle Bancorp Montana during the 4th quarter worth about $196,000. Institutional investors and hedge funds own 35.66% 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.

Insider Activity

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total transaction of $151,100.00. Following the transaction, the director now directly owns 126,033 shares of the company's stock, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company's stock.

Eagle Bancorp Montana Stock Performance

NASDAQ EBMT traded up $0.46 during mid-day trading on Friday, reaching $17.96. 80,934 shares of the stock were exchanged, compared to its average volume of 20,239. The company has a market capitalization of $143.27 million, a P/E ratio of 14.48 and a beta of 0.40. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. The business's 50 day moving average is $16.87 and its 200-day moving average is $16.42. Eagle Bancorp Montana, Inc. has a 1 year low of $12.61 and a 1 year high of $18.37.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted 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. The business had revenue of $20.90 million for the quarter, compared to analyst estimates of $16.69 million. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. On average, equities research analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 EPS 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. Stockholders of record on Friday, May 16th will be paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, May 16th. Eagle Bancorp Montana's payout ratio is 40.43%.

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.