Eagle Bancorp Montana (NASDAQ:EBMT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.95 and traded as high as $23.74. Eagle Bancorp Montana shares last traded at $23.29, with a volume of 71,658 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EBMT. DA Davidson boosted their target price on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Hovde Group boosted their target price on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, April 30th. Zacks Research downgraded shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings upgraded shares of Eagle Bancorp Montana from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.50.

Eagle Bancorp Montana Price Performance

The stock’s fifty day moving average price is $22.16 and its 200-day moving average price is $21.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $186.58 million, a price-to-earnings ratio of 11.82 and a beta of 0.35.

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

Eagle Bancorp Montana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a dividend of $0.145 per share. The ex-dividend date was Friday, May 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.5%. Eagle Bancorp Montana’s payout ratio is currently 29.29%.

Insider Activity

In other news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $22.83, for a total transaction of $228,300.00. Following the sale, the director owned 82,260 shares in the company, valued at $1,877,995.80. The trade was a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eagle Bancorp Montana

A number of large investors have recently made changes to their positions in the company. Brandes Investment Partners LP raised its holdings in shares of Eagle Bancorp Montana by 6.0% during the fourth quarter. Brandes Investment Partners LP now owns 413,888 shares of the bank’s stock valued at $8,236,000 after acquiring an additional 23,519 shares during the period. Fourthstone LLC grew its position in Eagle Bancorp Montana by 272.3% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Eagle Bancorp Montana by 13.3% during the first quarter. Dimensional Fund Advisors LP now owns 222,298 shares of the bank’s stock valued at $4,575,000 after purchasing an additional 26,017 shares in the last quarter. Geode Capital Management LLC grew its position in Eagle Bancorp Montana by 108.0% during the second quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock valued at $2,891,000 after purchasing an additional 90,024 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Eagle Bancorp Montana by 6.3% during the second quarter. Bank of America Corp DE now owns 77,711 shares of the bank’s stock valued at $1,295,000 after purchasing an additional 4,637 shares in the last quarter. Institutional investors and hedge funds 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.