Eagle Bancorp Montana (NASDAQ:EBMT) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.50 and traded as high as $23.40. Eagle Bancorp Montana shares last traded at $22.86, with a volume of 42,267 shares traded.

Analysts Set New Price Targets

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

Eagle Bancorp Montana Price Performance

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’s fifty day moving average price is $23.45 and its 200 day moving average price is $22.50. The stock has a market cap of $182.00 million, a PE ratio of 11.20 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results 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). The company had revenue of $24.16 million for the quarter, compared to analysts’ expectations of $23.55 million. Eagle Bancorp Montana had a net margin of 12.57% and a return on equity of 8.36%. As a group, equities analysts expect that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

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

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Eagle Bancorp Montana during the 2nd quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new position in shares of Eagle Bancorp Montana during the 3rd quarter valued at approximately $25,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana in the second quarter valued at $28,000. BNP Paribas Financial Markets grew its holdings in shares of 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 in the last quarter. Finally, Jones Financial Companies Lllp increased 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 worth $38,000 after purchasing an additional 1,766 shares during the last quarter. 35.66% of the stock is 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.