The Manufacturers Life Insurance Company Buys New Shares in Eagle Bancorp Montana, Inc. $EBMT

The Manufacturers Life Insurance Company purchased a new stake in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 395,656 shares of the bank’s stock, valued at approximately $9,468,000.

Several other large investors have also recently added to or reduced their stakes in EBMT. Algert Global LLC bought a new position in shares of Eagle Bancorp Montana during the 2nd quarter worth about $202,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Eagle Bancorp Montana during the second quarter worth about $1,665,000. Pinnacle Holdings LLC acquired a new stake in Eagle Bancorp Montana during the second quarter valued at approximately $574,000. Allworth Financial LP bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter valued at approximately $25,000. Finally, BlackRock Inc. acquired a new position in shares of Eagle Bancorp Montana in the 2nd quarter worth approximately $15,611,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Eagle Bancorp Montana Price Performance

NASDAQ:EBMT opened at $22.70 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm has a market cap of $180.92 million, a PE ratio of 11.13 and a beta of 0.35. Eagle Bancorp Montana, Inc. has a 12 month low of $15.80 and a 12 month high of $24.66. The company’s 50-day moving average price is $23.42 and its two-hundred day moving average price is $22.49.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%.The firm had revenue of $24.16 million for the quarter, compared to analyst estimates of $23.55 million. On average, equities analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be issued a dividend of $0.1475 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.59 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s payout ratio is 28.92%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Eagle Bancorp Montana 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.