Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Shares Acquired by Rhino Investment Partners Inc

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

Other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of Eagle Bancorp Montana by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 108,715 shares of the bank's stock worth $1,667,000 after purchasing an additional 20,812 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Eagle Bancorp Montana during the 4th quarter worth $308,000. Brandes Investment Partners LP raised its holdings in Eagle Bancorp Montana by 9.9% in the 4th quarter. Brandes Investment Partners LP now owns 220,349 shares of the bank's stock valued at $3,378,000 after buying an additional 19,907 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Eagle Bancorp Montana in the 4th quarter valued at approximately $270,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $227,000. 35.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Eagle Bancorp Montana Stock Down 0.8 %

Shares of NASDAQ:EBMT traded down $0.15 during trading on Tuesday, hitting $18.08. The company's stock had a trading volume of 31,893 shares, compared to its average volume of 20,589. The company has a market capitalization of $144.23 million, a PE ratio of 14.58 and a beta of 0.37. The business has a 50 day moving average price of $16.87 and a two-hundred day moving average price of $16.43. Eagle Bancorp Montana, Inc. has a fifty-two week low of $12.61 and a fifty-two week high of $18.49. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $20.90 million for the quarter, compared to analyst estimates of $16.69 million. As a group, research analysts expect 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. Investors of record on Friday, May 16th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, May 16th. Eagle Bancorp Montana's dividend payout ratio (DPR) is presently 40.43%.

Insiders Place Their Bets

In related news, Director Kenneth M. Walsh sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total transaction of $151,100.00. Following the completion of the sale, the director now owns 126,033 shares in the company, valued at $1,904,358.63. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by company insiders.

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.