Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.31 and traded as high as $24.00. Eagle Bancorp Montana shares last traded at $23.69, with a volume of 31,267 shares traded.

Wall Street Analysts Forecast Growth

EBMT has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. Hovde Group increased their target price on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, April 30th. Finally, DA Davidson lifted their target price on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Eagle Bancorp Montana presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Eagle Bancorp Montana Stock Performance

The firm has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $22.31. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $188.81 million, a price-to-earnings ratio of 11.61 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The firm had revenue of $24.16 million for the quarter, compared to analyst estimates of $23.55 million. Eagle Bancorp Montana had a net margin of 12.57% and a return on equity of 8.43%. As a group, sell-side analysts forecast that Eagle Bancorp Montana, Inc. will post 2.03 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be given a dividend of $0.1475 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a yield of 2.5%. Eagle Bancorp Montana’s payout ratio is 28.43%.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $22.83, for a total value of $228,300.00. Following the completion of the sale, the director directly owned 82,260 shares of the company’s stock, valued at $1,877,995.80. The trade was a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of Eagle Bancorp Montana by 10.2% in the 1st quarter. Empowered Funds LLC now owns 37,166 shares of the bank’s stock valued at $765,000 after purchasing an additional 3,434 shares during the last quarter. Bank of America Corp DE increased its position in Eagle Bancorp Montana by 19.6% during the first quarter. Bank of America Corp DE now owns 24,228 shares of the bank’s stock worth $499,000 after buying an additional 3,976 shares during the last quarter. Lazard Asset Management LLC increased its position in Eagle Bancorp Montana by 149.9% during the first quarter. Lazard Asset Management LLC now owns 26,133 shares of the bank’s stock worth $538,000 after buying an additional 15,677 shares during the last quarter. Sei Investments Co. bought a new position in Eagle Bancorp Montana during the first quarter valued at about $1,305,000. Finally, Dimensional Fund Advisors LP raised its holdings in Eagle Bancorp Montana by 13.3% during the first quarter. Dimensional Fund Advisors LP now owns 222,298 shares of the bank’s stock valued at $4,575,000 after buying an additional 26,017 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

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.