Kenneth Walsh Sells 10,000 Shares of Eagle Bancorp Montana (NASDAQ:EBMT) Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $22.83, for a total value of $228,300.00. Following the transaction, the director owned 82,260 shares in the company, valued at $1,877,995.80. This trade represents a 10.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eagle Bancorp Montana Trading Down 1.3%

NASDAQ:EBMT opened at $22.13 on Thursday. The stock has a market capitalization of $176.38 million, a PE ratio of 11.18 and a beta of 0.35. The business’s 50-day simple moving average is $21.52 and its 200-day simple moving average is $20.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.86. Eagle Bancorp Montana, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $23.94.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, April 28th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $23.58 million for the quarter, compared to analysts’ expectations of $23.05 million. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%. Sell-side analysts expect that Eagle Bancorp Montana, Inc. will post 2.08 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a $0.145 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.58 annualized dividend and a yield of 2.6%. Eagle Bancorp Montana’s payout ratio is presently 29.29%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EBMT shares. Zacks Research cut Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Eagle Bancorp Montana in a research note on Friday, April 10th. DA Davidson boosted their target price on Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Hovde Group boosted their target price on Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.50.

Institutional Trading of Eagle Bancorp Montana

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Eagle Bancorp Montana during the 3rd quarter valued at $25,000. Raymond James Financial Inc. bought a new position in Eagle Bancorp Montana in the second quarter valued at about $28,000. BNP Paribas Financial Markets raised its position in Eagle Bancorp Montana by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $30,000 after purchasing an additional 664 shares during the last quarter. Jones Financial Companies Lllp raised its position in Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock valued at $38,000 after purchasing an additional 1,766 shares during the last quarter. Finally, State of Wyoming bought a new position in Eagle Bancorp Montana in the second quarter valued at about $46,000. 35.66% of the stock is currently owned by institutional investors.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.