Eagle Bancorp Montana (NASDAQ:EBMT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.63 and traded as high as $22.14. Eagle Bancorp Montana shares last traded at $21.86, with a volume of 33,600 shares changing hands.

Analysts Set New Price Targets

EBMT has been the subject of several recent research reports. DA Davidson upped their price target 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. Zacks Research upgraded Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Eagle Bancorp Montana in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $23.00.

Eagle Bancorp Montana Trading Up 1.2%

The stock has a market capitalization of $174.90 million, a PE ratio of 11.70 and a beta of 0.31. The stock’s 50 day simple moving average is $21.37 and its two-hundred day simple moving average is $18.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.89 and a quick ratio of 0.88.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.47 by $0.13. Eagle Bancorp Montana had a net margin of 11.67% and a return on equity of 8.17%. The business had revenue of $24.29 million during the quarter, compared to analyst estimates of $18.89 million. On average, sell-side analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 13th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. Eagle Bancorp Montana’s payout ratio is currently 30.85%.

Insider Activity

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $22.47, for a total transaction of $224,700.00. Following the completion of the sale, the director directly owned 92,260 shares of the company’s stock, valued at approximately $2,073,082.20. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Samuel Waters sold 2,100 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $22.48, for a total transaction of $47,208.00. Following the completion of the transaction, the director directly owned 31,534 shares of the company’s stock, valued at approximately $708,884.32. This trade represents a 6.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,647 shares of company stock worth $446,110 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Fourthstone LLC lifted its holdings in Eagle Bancorp Montana by 272.3% during the 4th quarter. Fourthstone LLC now owns 342,748 shares of the bank’s stock valued at $6,821,000 after purchasing an additional 250,681 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Eagle Bancorp Montana by 549.7% in the second quarter. Hillsdale Investment Management Inc. now owns 118,900 shares of the bank’s stock valued at $1,982,000 after purchasing an additional 100,600 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Eagle Bancorp Montana by 108.0% in the 2nd quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock valued at $2,891,000 after buying an additional 90,024 shares during the period. Los Angeles Capital Management LLC bought a new stake in Eagle Bancorp Montana in the 2nd quarter valued at $751,000. Finally, Marshall Wace LLP acquired a new position in Eagle Bancorp Montana during the second quarter worth $699,000. Institutional investors own 35.66% of the company’s stock.

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.