Eagle Bancorp Montana (NASDAQ:EBMT) Director Peter Joseph Johnson Sells 3,355 Shares of Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Peter Joseph Johnson sold 3,355 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $23.11, for a total value of $77,534.05. Following the completion of the transaction, the director owned 45,518 shares in the company, valued at approximately $1,051,920.98. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Peter Joseph Johnson also recently made the following trade(s):

• On Tuesday, February 10th, Peter Joseph Johnson sold 4,192 shares of Eagle Bancorp Montana stock. The stock was sold at an average price of $23.06, for a total value of $96,667.52.

Eagle Bancorp Montana Stock Down 0.7%

EBMT stock opened at $22.86 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a 50 day simple moving average of $20.37 and a 200-day simple moving average of $18.06. The company has a market capitalization of $181.74 million, a P/E ratio of 12.16 and a beta of 0.31. Eagle Bancorp Montana, Inc. has a twelve month low of $14.87 and a twelve month high of $23.75.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. The firm had revenue of $24.29 million for the quarter, compared to the consensus estimate of $18.89 million. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. On average, equities research analysts predict that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 13th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, February 13th. Eagle Bancorp Montana’s payout ratio is currently 30.85%.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several institutional investors have recently modified their holdings of EBMT. Hillsdale Investment Management Inc. increased its holdings in shares of Eagle Bancorp Montana by 549.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock worth $1,982,000 after acquiring an additional 100,600 shares during the period. Geode Capital Management LLC grew its position in Eagle Bancorp Montana by 108.0% in the 2nd quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock worth $2,891,000 after purchasing an additional 90,024 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Eagle Bancorp Montana in the second quarter valued at approximately $751,000. Marshall Wace LLP bought a new stake in shares of Eagle Bancorp Montana during the second quarter valued at approximately $699,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Eagle Bancorp Montana by 145.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 66,642 shares of the bank’s stock worth $1,111,000 after buying an additional 39,464 shares during the period. Institutional investors own 35.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EBMT. Zacks Research upgraded Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Eagle Bancorp Montana in a report on Monday, December 29th. Finally, DA Davidson boosted their price objective on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Eagle Bancorp Montana has an average rating of “Buy” and an average price target of $23.00.

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.