Eagle Bancorp Montana (NASDAQ:EBMT) Director Kenneth Walsh Sells 10,000 Shares

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth Walsh sold 10,000 shares of the business’s stock in a transaction dated 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 approximately $1,877,995.80. This trade represents a 10.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Eagle Bancorp Montana Trading Down 0.0%

NASDAQ EBMT opened at $22.43 on Wednesday. Eagle Bancorp Montana, Inc. has a 1-year low of $15.10 and a 1-year high of $23.94. 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 stock has a 50-day moving average of $21.52 and a 200-day moving average of $20.13. The firm has a market cap of $178.65 million, a PE ratio of 11.33 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, April 28th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%.The company had revenue of $23.58 million during the quarter, compared to analyst estimates of $23.05 million. As a group, sell-side analysts forecast that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current year.

Eagle Bancorp Montana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.58 dividend on an annualized basis and a yield of 2.6%. Eagle Bancorp Montana’s dividend payout ratio is presently 29.29%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Eagle Bancorp Montana by 13.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 222,298 shares of the bank’s stock worth $4,575,000 after acquiring an additional 26,017 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Eagle Bancorp Montana by 1.0% in the 1st quarter. Hsbc Holdings PLC now owns 46,645 shares of the bank’s stock worth $963,000 after acquiring an additional 466 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Eagle Bancorp Montana by 10.0% in the 1st quarter. Ritholtz Wealth Management now owns 64,013 shares of the bank’s stock worth $1,317,000 after acquiring an additional 5,825 shares in the last quarter. Empowered Funds LLC raised its position in shares of Eagle Bancorp Montana by 10.2% in the 4th quarter. Empowered Funds LLC now owns 33,732 shares of the bank’s stock worth $671,000 after acquiring an additional 3,121 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Eagle Bancorp Montana by 4.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 70,353 shares of the bank’s stock worth $1,400,000 after acquiring an additional 3,121 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. DA Davidson upped their price target on 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 reaffirmed a “buy (b)” rating on shares of Eagle Bancorp Montana in a research report on Friday, April 10th. Zacks Research lowered Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Hovde Group upped their price target on Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Eagle Bancorp Montana has an average rating of “Hold” and a consensus price target of $23.50.

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.